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《大行報告》瑞銀下調思摩爾(06969.HK)目標價至9元 評級「買入」
瑞銀髮表報告指,思摩爾國際(06969.HK)上半年收入51.2億元人民幣,按年跌9%,毛利按年減31%至18.6億元人民幣,淨利潤降48%至7.17億元人民幣。 該行考慮到中美合法市場持續受非法市場蠶食影響、歐洲一次性產品增長的不確定因素、成本控制及更好的投資收益,將集團2023至25年的每股盈測更新至25分、28.7分及32.7分人民幣。該行料2023至25年EBIT及每股盈利的複合年均增長率分別爲19%和14%,又相信在現時市場預期下,該股仍有上行空間,將目標價由10元下調至9元,維持「買入」評級。
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