金十数据7月21日讯,瑞银发表报告,更新对思摩尔国际(06969.HK)2025至2027年盈利预测各-21%、+1%及+21%,原因包括来自ODM和HNB业务的较高营收增长;以及竞争加剧导致销售、一般及行政费用增加。公司初步业绩显示上半年年营收按年增长18%,该行认为是由于Vape业务复苏,出货量在美国关税之前已预先增加。公司预计下半年纯利按年下降21至35%,主要由于主要与第四季授出购股权和S&D相关的高支出所致。瑞银维持对思摩尔国际的“沽售”评级,认为其估值丰厚,已经反映了来自Vapes和HNB增长潜力。目标价就由10.7港元升至14港元。
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