研报掘金丨中金：H&H国际控股上半年经营数据胜预期，目标价升至18.8港元

格隆汇07-09

中金发表报告指，H&H国际控股上半年经营数据胜预期，收入同比增双位数，经调整EBITDA同比增60%至70%，经调整EBITDA利润率超20%，经调整净利润同比增超100%，列账净利润同比增超700%。上半年经营数据超市场预期，主要由于婴幼儿营养与护理用品(BNC)盈利水平超预期。考虑BNC盈利好于预期，该行上调2026/2027年盈利预测24%及22%至10.4亿及12亿元，当前交易在预测...

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