大行評級|里昂:下調敏華目標價至4.5港元 但維持“跑贏大市”評級
里昂研究報吿指,認為網絡流傳的一篇與敏華前投資者關係總監受監管機構調查相關的文章,是導致公司股價上週五(7日)跌6%的主因。雖然公司舉辦了分析師會議去澄清事件和公司運作或管理層無關,但仍引起市場擔憂,因為該名前投資者關係總監楊雪麗同樣為公司大股東的家族辦公室工作。至於基本面方面,該行下調其對公司2025年至2027年的純利預測4%至10%,考慮到美國關税風險以及美國和內地較弱的住宅銷售展望,將目標市盈率由8倍降至7.5倍,股息收益率預計達7%。該行維持“跑贏大市”評級,將目標價由5.1港元降至4.5港元。
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