《大行報告》中信証券降雅迪控股(01585.HK)目標價至20元 行業龍頭獲利能力持續凸顯
中信証券發表報告,雅迪控股(01585.HK)去年利潤按年增長22.2%,單車淨利進一步上行,去年下半年雅迪單車淨利達到新高的177元人民幣,電動兩輪車龍頭地位帶來的獲利優勢凸顯。
報告提到,認為今年雅迪的新品更加聚焦利潤,將進一步提升雅迪的品牌,並帶來毛利率輕微上升,預計後市場拓展以及海外拓展亦將進一步帶來利潤上升。
中信証券調整公司2024及2025年收入預測至403.1及465.2億元人民幣,原先分別為449.7及539.6億元人民幣。調整2024及2025年利潤預測至32.8及39.3億元人民幣,原先預測為33.8及41億元人民幣,目標價相應由25元降至20元,維持「買入」評級。
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