报告名称：Hengan International Group(01044.HK)Weak Sales Trend Is Key Challenge but Lower
报告类型：港股研究
报告日期：2016-03-23
研究机构：摩根士丹利
股票名称：恒安国际
股票代码：01044
页数：8
简介：Our price target of HK$72.50 is our base case scenario value, derived by applying a target P/E multiple of 19x to our 2016 EPS estimate. Among the large-cap H-share staples, we expect Hengan to generate the lowest EPS growth between 2015 and 2017 (Hengan at 2% vs. the group average at 10%). On the other hand, Hengan's ROE of 23% is higher than the group average of 18% in 2016.
下载地址：Hengan International Group(01044.HK)Weak Sales Trend Is Key Challenge but Lower
