《大行报告》花旗下调海天国际(01882.HK)目标价至20元评级「买入」
花旗发表报告表示,预期海天国际(01882.HK)盈利将会面临更多压力,因此下调集团2019年至2021年的盈利预测分别约8%,将股份目标价则22元降至20元,维持「买入」评级。
该行估计,塑胶射出成型机的主要下游行业包括汽车、消费电子产品(如智能手机)及家用电器(如空调),共占了总需求超过50%。而今年首四个月,上述三个行业的出货量表现呆滞,其中中国汽车首四个月出货量按年下跌12%,包括出口的中国空调出货量按年跌4%,中国智能手机出货量亦按年下跌7%。
花旗表示,由於自5月以来全球贸易环境恶化,特别是美国对中国科技企业如华为的立场强硬,预计耐用品消费的复苏将会推迟,消费电子产品及其供应链将面临进一步下行风险,此或会再次压抑及推迟今年下半年的资本支出。
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