里昂:国药控股(01099)上财年盈利逊预期 降目标价至20港元

智通财经
25 Mar

智通财经APP获悉,里昂发布研报称,国药控股(01099)2024财年收入大致符合市场预期,惟盈利低于预期,主要由于利润率压力,以及国大药房商誉和无形资产一次性减值所致。里昂将国药2025及2026财年收入预测分别下调4.8%及8.2%;净利润预测分别下调24%及23.8%,主要反映行业持续面临逆风,涵盖设备采购延迟、药房行业更深层整合,以及潜在利润率压力。该行将国药目标价由24.8港元下调至20港元,但考虑去年低基数,以及创新业务转型带来的潜在上行,维持“跑赢大市”评级。

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