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《大行報告》花旗料申洲(02313.HK)下半年純利按年升1.7倍 待股價回調入市更佳
花旗發表報告指,由於今年美國、歐洲及中國增長放緩,投資者憂慮點由去年的供給側,轉至今年的需求側。由於至今年第三季底訂單已滿,訂單可見度高,申洲國際(02313.HK)維持今年產能擴張15%計劃,花旗料其今年上半年銷售均價按年升逾5%,下半年料按年升逾7%,以轉嫁原材料成本上升。 該行料申洲上半年收入按年升16%,純利則跌15%;下半年在低基數下,料收入按年升25%,純利漲1.7倍。在市況上升下,申洲過去一周升逾15%,倘股價回調,入市信號增強,予「買入」評級,目標價150元。 花旗表示,如全球品牌提升零售價格,則申洲銷售均價則有望持續上升。舉例,迅銷(06288.HK)旗下優衣庫(Uniqlo)因日圓持續貶值已提出上調銷售均價。
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