研报掘金｜中金：上调中烟香港目标价至31.5港元上调今年纯利预测

格隆汇资讯2025-03-07

中金发表研究报告指，中烟香港去年纯利超该行预期，按年增42.6%至8.5亿元，主因卷烟出口、烟叶出口等毛利率提升向好。该行指，烟叶出口、卷烟出口推动去年下半年收入稳健成长；卷烟出口、烟叶出口毛利率提升向好，带动去年下半年盈利能力持续提升。该行指，看好烟草韧性需求下，公司作为中烟独家资本市场运作及国际业务拓展平台的稀缺价值，及中长期“内生+外延”协同并进走势。中金指，考虑卷烟出口等业务盈利能力趋于...

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研报掘金｜中金：上调中烟香港目标价至31.5港元 上调今年纯利预测

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研报掘金｜中金：上调中烟香港目标价至31.5港元上调今年纯利预测