德昌(00179.HK)续涨13%突破牛熊线 中期多赚近16%获瑞信升价至19.63元
德昌电机(00179.HK)中期多赚近16%後获瑞信看好,该股承过去四天稳步上扬势,今天进一步突破牛熊线(16.35元),最高见16.88元,创近四个月高,现造16.62元,急涨13%,成交倍增至440万股,涉资7,234万元。
德昌昨天收市公布,截至9月底止中期纯利按年升15.5%至1.62亿美元,每股盈利18.48美仙,中期股息按年维持17港仙;期内营业额按年减少6.7%至15.65亿美元;整体毛利率按年降1个百分点至22.8%,但较今年上半年毛利率提高0.8个百分点。若不计重大非现金和策略一次性物业出售项目净影响,德昌中期基本盈利按年跌16%至1.06亿美元。
瑞信指,德昌中期纯利优於市场预期,毛利率较上半年增加0.8个百分点令人惊喜。该行展望下半年,德昌汽车产品分部可持续改善,因环球产量复苏特别是内地,以及电动油泵订单第三季开始送付。若贸易战或英国脱欧有任何缓解迹象,相信其工业产品分部将可走出谷底。瑞信将德昌未来三个财年每股盈测调高2%-28%至分别为32美仙/27美仙/27美仙,以反映一次性出售收益及毛利率增加预测,目标价上调6.5%至19.63元,评级由「中性」升至「跑赢大市」。
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