中金:下調耐世特(1316.HK)目標價至9.9港元 維持“跑贏行業”評級
中金公司發表研究報告指出,通用汽車員工罷工或將拖累耐世特(1316.HK)第四季度業績,為反映罷工對短期業績的負面影響,決定下調耐世特目標價10%至9.9港元。
報告説,考慮到通用罷工延續時間有不確定性,暫維持耐世特2019年/2020年淨利潤預測不變;評級仍是“跑贏行業”。
報告指,通用汽車是耐世特最大的客户,罷工後,耐世特也逐步關停了通用供貨產線,預計若公司停止對通用供貨一個月,對全年收入增速的拖累將達3個百分點,預計公司將盡量通過解除臨時工合同的方式控制成本,但折舊、攤銷及正式員工薪酬等剛性成本在所難免,料對利潤的拖累或更大。
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.