You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
摩通:降玖紙(2689.HK)評級至“中性” 目標價降至7港元
格隆匯 09-25 10:26
摩根大通發表報告指,玖龍紙業(2689.HK) 截止今年6月底止財年的核心純利按年下跌49%,符合早前的盈警指引。而銷量雖然增加8.5%,但每噸純利由上財年的604元人民幣,大幅下跌53%至286元人民幣。
該行下調對玖紙的股份評級,由“ 增持 ”降至 “中性” ,目標價亦由13港元下調至7港元。另外,由於每噸純利假設降低,該行又下調集團2020及2021財年盈利預測分別38%及31%。
摩通相信,包裝紙行業毛利收縮的趨勢並未完結,由於貿易緊張局勢,需求可能仍然低迷,預計玖紙的每噸純利在今年下半年及明年會繼續下降。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account