《大行報告》瑞銀微降恆安國際(01044.HK)目標價至42.01元 評級「買入」
瑞銀發表研究報告指,受到匯兌損失影響,恆安國際(01044.HK)上半年盈利表現遜於預期,但期內公司表現出強勁的銷售增長勢頭,收入增長12%,主要由紙巾業務增長24%所帶動,紙尿褲業務亦實現自2015年以來的首次收入增長。
該行預計,恆安上半年強勁的銷售增長將持續至下半年,由於原材料價格仍處於歷史高位,利潤率將依然是公司要面對的主要問題,將其今年盈利預測下調17%。
瑞銀將恆安目標價由42.35元降至42.01元,對應2023年預測市盈率約13.4倍,憧憬2023至2024年紙漿價格回落,將為恆安帶來的利潤率回升機會,預期屆時將迎來重新評級,重申「買入」評級。
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.