大行评级丨花旗:上调理文造纸目标价至5.5港元,纳入中国中小型股首选名单

格隆汇
Aug 04
花旗发表报告指,理文造纸公布上半年业绩,纯利同比增长70.5%至13.83亿元,处于先前业绩预告13.3亿至13.9亿元区间的高端水平。该行维持2026年盈利预测不变,因公司宣布广西卫生纸产能由2027年8月起扩建30万吨至150万吨,将2027至2028年盈利预测上调1%至3%。该行将理文造纸目标价由4.8港元上调至5.5港元,基于9倍2026年市盈率,与历史平均水平一致,反映卫生纸盈利能力优于预期的前景,并获2028年止三年每股盈利复合年增长率15%支持;重申“买入”评级,纳入中国中小型股首选名单。

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