百威亚太上季净亏损高于预期，派息符预期，予“跑赢大市”评级

里昂证券02-13

一、核心观点里昂证券发布研报，对百威亚太(01876)给予“跑赢大市”评级，并设定目标价为9港元。报告指出，公司去年第四季度业绩基本符合预期，但净亏损高于预期，主要由于税务支出超出预期。二、财务表现分析百威亚太在2022年第四季度的有机收入同比下降4%，有机常规化EBITDA同比下跌25%。尽管这一表现与里昂及市场共识大致相符，但净亏损超出了预期，显示出公司在成本控制和税务管理方面存在一定压力。...

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