花旗:上調比亞迪電子(0285.HK)目標價至16港元 評級“買入”
花旗發表報告表示,比亞迪電子(00285.HK)第三季收入達151億元人民幣,按季及按年分別升17%及51%,其生產自從華為8月份被禁以來,逐漸恢復到正常水平。同時,公司管理層對2020年業務前景感正面。
報告補充,比亞迪電子管理層認為公司已進入新增長階段,且目標明年收入達1,000億元人民幣,2024年更升至2,000億元人民幣的水平。
該行認為,在更換5G智能手機、華為供應鏈遷移以及物聯網發展等方面,均可帶動該公司業務增長,因此上調其2019至2021年盈利預測1%至17%,以反映新業務貢獻,目標價相應由15港元上調至16港元。即使華為GMS服務認證方面仍有不明確,但預期該公司第四季收入及盈利均錄增長,維持“買入”評級。

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