《大行報告》麥格理上調新秀麗(01910.HK)評級至「跑贏大市」目標價升至19.6元
麥格理發表報告指,新秀麗(01910.HK)上半年收入按年跌5%,並遜該行預期3%;盈利則按年跌19%,遜該行預期28%。惟管理層於分析員會議上公布成本管控計劃,相信可提供短期有利因素,下半年亦能帶動盈利回升,加上低基數因素,相信下半年收入可回復增長。
報告引述公司稱,在6至7月看到正面銷售勢頭。本港市場受壓料對公司影響有限,因僅佔集團收入約5%。麥格理料新秀麗今年下半年收入同比轉正,按年料升2%,明年收入增長料加快至4%。
麥格理上調新秀麗評級,自「跑輸大市」升級至「跑贏大市」,升今明兩年盈利預測分別3.4%及17.7%,以現金流折現率計,目標價相應自14.8元上調至19.6元。
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