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《大行报告》大华继显升通达(00698.HK)目标价至1.11元 今年迎5G机遇前景明亮(更新)
阿思达克 01-14 18:32

通达(00698.HK)今日股价抽高7.1%报1.05元,大华继显发表报告表示,相信通达经历2018年艰难的一年,相信其藉库存一次性拨备,营运於2019年已见底,展望公司今年前景明亮,可受惠5G替代需求、录更高iPhone销售及产品组合升级,重申对其「买入」投资评级,上调对其目标价由0.781元升至1.11元,相当预测今年市盈率8倍,指现估值仅预测今年市盈率6.7倍,低於过去五年历史中位数约8倍水平。

该行引述通达管理层指,有能力达到去年营运目标,包括智能手机外壳付运目标1.4亿部及相关收入目标2.22亿美元,虽然旗下iPhone订单於去年下半年付运回升,但产品平均售价承压,由2018年每件3.5美元,至2019年降至3美元,因iPhone 11系列缺明显部件升级。

但大华继显引述通达管理层表示,维持2020年智能手机外壳付运多於1.8亿部的目标(相当按年升29%),该行相信通达今年付运目标可潜在上升,因iPhone 11销售较原预期理想,兼且去年下半年5G智能手机应用快於预期。就苹果公司业务而言,该行料通达今年相关业务可达到2.5亿美元,按年增长14%,受惠2020年料将配备5G功能的新款iPhone规格升级所带动。

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