You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
野村降海尔(1169.HK)目标至23.4港元料渠道综合服务维持走软
格隆汇 07-24 11:56

野村发表研究报告指,海尔电器(1169.HK)因原材料价格下降而节省成本,预期该公司今年上半年纯利增长6%,估计毛利率将扩阔1%,但部分会被综合服务表现疲弱所抵销,目标价下调14.3%至23.4港元,维持“买入”评级。

报告预期,海尔电器毛利率升幅部分会被厂房使用率低、冷气机折扣增加和大众市场洗衣机贡益增加造成的摊薄性影响所抵销,预期渠道综合服务业务增速维持走软,而收入跌幅会由首季的2%扩大至7%,主要因为冷气设备及电视机分部收入下滑。野村又预计,海尔电器今年整体表现将与公司管理层早前预测大致相符,并下调今年渠道综合服务业务的增长预测至4%,

野村续指,资产互换影响将于第三季浮现,相信其影响不会持续下去,但仍下调今年集团物流业务收入预测6%,并上调今年净水业务收入预测1%,以反映资产注入半年的影响。现时野村对海尔电器2019年和2020年的纯利预测,比市场平均预测低5%。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account