小摩:维持百威亚太(01876)“中性”评级 目标价下调至9.2港元

智通财经网
07 Apr

智通财经APP获悉,摩根大通发布研报称,料百威亚太(01876)今年销售及EBITDA同比增长4.9%及3.9%。而公司股价年初至今累升25%,预测市盈率由13.5倍升至19倍,相信已合理反映中国市场的复苏预期。该行维持对其“中性”评级,目标价由9.5港元微降至9.2港元。

该行表示,剔除汇率因素后,预期百威亚太今年首季销售及EBITDA分别同比下降9.4%和14.7%,相比于去年第四季跌11%与7.2%,主要由于高基数、中国市场复苏乏力下持续去库存,以及南韩的销售表现坚韧。

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