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《大行報告》花旗升玖紙(02689.HK)目標價至5.5元 中期業績證明盈利復甦
花旗發表報告指,玖龍紙業(02689.HK)中期業績證明盈利復甦,截至去年12月底止上半財年純利錄2.92億元人民幣,符合業績指引中位數,意味著截至去年9月底首財季錄得虧損超過2.5億元人民幣,次財季則轉錄純利約5.5億元人民幣。 該行認為,由於行業趨於穩定,截至去年12月底止次財季起公司實現扭虧盈,證明盈利復甦,預期雖然中國消費市場仍然疲軟,但行業取得(供需)平衡點,相信玖紙盈利能力可持續至今年6月底止下半財年,維持「買入」評級,目標價由4.5元升至5.5元,對應預測現財年市賬率約0.5倍(屬歷史低位)。
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