摩根士丹利发表研究报告指，将中国中免2025年至2027年每股盈测分别下调13%、7%及2%，收入预测下调6%至8%，目标价由55港元上调至60港元，评级为“与大市同步”。该行指，免税品需求逊于预期，特别是电商平台，中国中免毛利率仍疲弱。不过，今年12月中旬海南自贸港启用后，预计线下销售更佳，利润率有望改善。
摩根士丹利发表研究报告指，将中国中免2025年至2027年每股盈测分别下调13%、7%及2%，收入预测下调6%至8%，目标价由55港元上调至60港元，评级为“与大市同步”。该行指，免税品需求逊于预期，特别是电商平台，中国中免毛利率仍疲弱。不过，今年12月中旬海南自贸港启用后，预计线下销售更佳，利润率有望改善。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.