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.
《大行報告》里昂降恆安(01044.HK)目標價至70元 估值便宜重申「買入」
阿思達克 01-28 15:58
里昂發表研究報告指,由於高端紙巾銷售遜預期及競爭加劇,料恆安國際(01044.HK)去年末季收入增長放緩。報告料紙巾原材料價格利好及高端衛生巾銷售佔比上升,可帶動恆安毛利擴張,但受累於負面經營槓桿及結構因素,廣告及推廣開支比率料維持高企。

進入2021年,該行稱,紙巾銷售復甦(特別是高端產品系列)及電商銷售增長屬該行所留意,以觀察潛在銷售收入反彈。該行下調恆安2020年至2022年銷售預測2%至5%,並下調純利預測3%至8%,目標價相應由87元降至70元,重申「買入」評級,因未來12個月預測市盈率僅10倍,屬三年低位,估值便宜。

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