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《大行報告》花旗升恆安(01044.HK)目標價至96元評級「買入」 @ 2013-08-29T03: Back Hot News
Keyword:恆安
Concept:半年紙巾業務毛利率
《大行報告》摩通升恆安(01044.HK)目標價至82元 評級「中性」
瑞信指出,恆安(01044.HK)中期業績大致符合預期,衛生巾銷售增長勢頭仍然強勁,按年增26%,毛利率平穩;尿褲業務逐步回升,次季銷售增長加速至雙位數;紙巾業務產能過剩問題持續,下半年將加大推廣力度,及進行價格競爭,加速行業整合。恆安預計,需要3年時間化解供大於求的問題,該行則認為問題可在更短時間內解決。該行輕微上調2013-2014年每股盈測,目標價由85元升至92元,評級維持「中性」。(KA/U)

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