大行評級|花旗:上調歐舒丹目標價至34港元 與私有化要約價保持一致
花旗發表研究報吿指,歐舒丹2024財年純利按年下跌18%,主要由於收入表現較預期疲弱,僅錄得約19%升幅,以及出乎意料資產減值損失和實際所得税率較高所致。期內核心經營溢利表現符合預期,核心經營溢利率向好,部分抵銷銷售疲軟的影響。
考慮到2024財年業績表現遜預期,花旗現時將集團2025至2026財年淨利潤預測分別下調16%和13%,目標價由32.8港元上調至34港元,與私有化要約價保持一致,鑑於目前其股價在私有化作價區間波動,因此將評級由“買入”下調至“中性”。
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