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招商证券(香港)2月21日发布公告。We cut FY22E/23E earnings estimates by 5%/2% to reflect Omicrondisruption on distribution segment in 4Q22 partly offset by better-than-expected manufacturing segment. SOTP TP is revised up to HKD8.8from HKD8.5. Co. now trades at ~8x 23E PER, near the lowest quantile in its historical PER band. We believe Co. continues to be well-positionedto leverage its SOE strength to pursue more M&A and BD opportunities.

关键词： 招商证券 发布公告