研報掘金丨海通證券:中國中免中長期業績值得期待,維持“優於大市”評級
海通證券研報指出,“6+4+2”萬億元,地方化債“三箭齊發”,確保經濟財政平穩運行。該行認為財政政策有望拉動經濟,中國中免(601888.SH)中長期業績值得期待。考慮到公司為免税行業龍頭,預計公司2024-2026年歸母淨利潤各52.01、66.46、74.29億元,同比分別下降22.5%、增長27.8%、增長11.8%;對應EPS 各2.51、3.21、3.59元。結合可比公司估值,給予公司2024年35-40倍PE,對應合理價值區間87.85元-100.40元/股,維持“優於大市”評級。
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