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《大行報告》花旗升恆安(01044.HK)評級至「買入」 目標價上調至31.7元
花旗發表評級報告,相信恆安(01044.HK)基本面按進度改善,但自過去三個月股價大跌,並在股市疲軟下,其估值變得吸引。該行預料,原材料成本下跌帶動盈利在下半年及明年反彈,基於第三季利潤率改善趨勢清晰,以及明年紙漿供應擴張後,成本可能緩和。 該行預料,下半年衛生紙毛利率改善至25.4%,2024財年則改善至25.7%,並料集團下半年毛利率改善至36%,明年則改善至35.7%,毛利率的復甦推動下半年核心淨利潤率擴張至11.6%,明年則改善至12.7%。 該行將公司今年、明年及2025年純利預測分別上調4%、2%及1%,並將其目標價由30.9元上調至31.7元,評級由「中性」升至「買入」。(ca/cy) ~
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