【大行评级|摩根大通:微降百威亚太目标价至9.2港元 维持“中性”评级】摩根大通发表报告,剔除汇率因素后,预期百威亚太今年首季销售及EBITDA分别按年下降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,以及韩国的销售表现坚韧。该行预期,百威亚太今年销售及EBITDA按年增长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。

金融界
08 Apr
摩根大通发表报告,剔除汇率因素后,预期百威亚太今年首季销售及EBITDA分别按年下降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,以及韩国的销售表现坚韧。该行预期,百威亚太今年销售及EBITDA按年增长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。

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