瑞信:升耐世特(1316.HK)目標價至8.45港元 維持“優於大市”評級
瑞信發表研究報告表示,預計耐世特(1316.HK)明年盈利增長13%,而收入增速達8.9%,主要受惠新項目推出及亞太區整體需求復升,該行指耐世特估值吸引、增長穩健及擁有強勁的資本負債表,為汽車零部件業中的首選股份,維持“優於大市”評級,目標價則由8港元,上調至8.45港元。
該行指,耐世特明年盈利回覆雙位數增長,受惠於美國汽車工人聯合會(UAW)的罷工後,通用汽車的生產將轉移至明年,另外訂單損失的負面影響將於明年第二季逐步減退,同時明年有約50個項目推出,將提供全年貢獻。
瑞信指,將耐性特今年盈利預測調低2%,以反映通用汽車的生產轉移,而2020/2021年盈利預測則分別調高1%及0.7%,主要基於較高的銷售量假設。

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