近日,摩根士丹利发报告指,更新海尔智家(06690)预测,略微调高2025年净利润1%,因将2025年以旧换新计划纳入考量,并维持2024-2026年盈利大致不变。按海尔智家A股估值折让10%的相对估值得出其港股目标价,集团H股目标价微跌0.3%,由29.7港元跌至29.6港元,维持“与大市同步”评级不变。
大摩目前预测海尔智家2024-2026年销售增长率为4.5%、7.5%及4.7%,盈利增长率分别为15%、13%和11%。另外,该行牛市和基本价值现亦轻微下调至42港元和19港元。
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