麦格理发表研报指，敏华(01999.HK) 2025财年上半年营收按年跌7%，较预期低3%，主要由于原物料成本及管理费用下降；净利润按年持平，较预期高7.8%。
麦格理表示，鉴于销售势头可持续性的不确定性，目前预计敏华2025财年下半年中国内地市场收入将下跌14%，重点将转移至海外增长。另外，该行亦将敏华2025及2026财年净利润预测分别下调3.5%及7.3%，同时将其目标价下调4%至8.2元，维持“跑赢大市”评级。(js/k)
(港股报价延迟最少十五分钟。沽空资料截至 2024-11-22 16:25。)
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