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麦格理上调恒安(1044.HK)目标价至80港元升评级至“优于大市”
格隆汇 07-23 10:33

麦格理预计,恒安国际(1044.HK)下半年原物料价格降低将带动公司盈利增长,将其目标价上调45%,从55港元升至80港元,即较昨日收市价56.3港元,仍有上行42%的空间,并将评级从“逊于大市”提高至“优于大市”。

报告指出,由于木浆价格按年快速下降10-20%,纸巾业务将带动今年下半年盈利增长,估计下半年盈利增长20%,扭转上半年减少9%的势头;而明年盈利增长率将从今年的5%提高至8%。

鉴于纸巾业务毛利率预测提高,麦格理将2019年与2020年的净利润预测分别上调5%和9%。

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