美銀美林:降瑞聲(2018.HK)評級至“中性” 目標價升至52港元
美銀美林發表報告指,瑞聲(02018.HK)第三季業績符合預期,當中毛利率回升至30%,且管理層對業務前景持樂觀態度。
該行認為,瑞聲復甦之路仍漫長及不確定,但進一步下行空間不大。該股現價相當於2020年預測市盈率16倍,與盈利表現存較大差距,但相信其目前水平之風險回報屬平衡。該行上調其2020至2021年每股盈利預測3%至4%,目標價相應由50港元升至52港元,但將其由“買入”降至“中性”評級。

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