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《大行報告》里昂下調信義玻璃(00868.HK)目標價至32.7元 評級「買入」
阿思達克 10-06 15:48
里昂發表研究報告,重申信義玻璃(00868.HK)「買入」評級,現估值相當於2022年預測市盈率7倍及股息收益率7%,目標價由44.7元降至32.7元,同時將其2021、2022及2023財年核心盈利預測分別下調0.9、11及14.5%,以反映下調浮法玻璃銷售均價預測及上調成本預測。 該行指出,房地產表現低迷,以及近期銷售均價回調,令信義玻璃股價較高位下跌37%。雖然浮法玻璃需求將受到負面影響,惟相信是次下行周期將與過往不同,因為項目建設繼續以確保交付,以及有限的新供應,為公司高於歷史平均水平的盈利能力提供支持。
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