大行评级|大摩:微升石药集团目标价至6.8港元 予“增持”评级

格隆汇
25 Feb

摩根士丹利发表研报指,由于传统药物的持续销售压力,决定将石药集团2024年销售额预测进一步下调2.1%;2025年销售额预测上调3.5%;2026年销售额预测上调2.7%。大摩提及,由于石药重视研发,故上调对其研发费用预测,这被较低的销售费用部分抵消。该行将2024至2026财年的盈利预测分别调整-14%、+10%及-4.3%。另外,该行将石药未来数年的资本开支预测下调至每年7%(原本9%),同时将其目标价由6.6港元轻微上调至6.8港元,给予“增持”评级。

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