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研報掘金丨長江證券:維持中國中免“增持”評級,長期看好公司核心競爭優勢
格隆匯 11-07 15:35

長江證券研報指出,消費需求低迷,購物轉化率下降,疊加9月台風影響,海南離島免税持續承壓,拖累中國中免(601888.SH)業績表現。海南作為公司利潤的基本盤,需求走弱疊加颱風影響,導致銷售表現低迷,是造成業績下滑的核心原因。展望後市,今年業績築底,海南封關在即,市場情緒或有壓制,長期看好公司在規模、品牌、運營管理方面的核心競爭優勢,待經濟環境好轉,消費者需求改善,迎來業績拐點。預計2024-2026 年公司歸母淨利潤分別為50/58/62 億,對應PE 分別為29/25/23X,維持“增持”評級。

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