《大行》大摩:玖龙纸业(02689.HK)中期纯利符预期 评级“与大市同步”

阿斯达克财经
28 Feb

摩根士丹利发表研究报告指,玖龙纸业(02689.HK) 中期纯利按年升61%,符合市场预期。销售额按年增14%;毛利率为9.5%,按年有所改善。
大摩表示,虽然行业需求疲弱及利润率下降,但去年仍有560万吨新产能投产。踏入2025年,该行预期再有350万吨新产能陆续投产,当中大部分来自中小型企业。纸张产量上升将继续拖累纸价。然而,产品组合改善及更佳的成本结构应有助玖龙纸业于今年部分缓和疲弱的价格。

该行维持对玖龙纸业“与大市同步”评级及目标价3.6元。(sl/w)(港股报价延迟最少十五分钟。沽空资料截至 2025-02-27 16:25。)

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