高力国际利润率触底回升,估值改善风险回报比——市场评论

投资观察
May 06

高力国际集团似乎正在度过其投资管理业务利润率压力的最艰难时期,前方已显现改善迹象。加拿大国家银行分析师Maxim Sytchev指出,市场对该类业务的回避情绪已将估值压缩至过度低位,为有耐心的投资者创造了更具吸引力的风险回报组合。

尽管短期催化因素有限,但高力国际预计投资管理业务即将迎来运营改善,当前市场情绪已接近触底反弹。"虽难以明确识别具体催化剂,但估值压缩确实呈现出更优的风险回报比,"Sytchev强调。该公司同时预期2026年下半年将实现自由现金流拐点,这将为去杠杆化进程提供支撑。

股价当前下跌5.8%至131.90加元。

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