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《大行报告》里昂下调通达(00698.HK)目标价至0.52元 评级「跑输大市」
阿思达克 03-20 10:12
里昂发表报告指,通达集团(00698.HK)去年纯利按年下跌26%,逊於该行预期13.9%,主要由於毛利率下跌,及经营开支高於预期。

该行表示,新型肺炎疫情影响智能手机供应链及产品生产,竞争提升亦导致产品均价及毛利率下跌。不过,该行认为5G智能手机的玻璃质感(Glastic)外壳渗透率不断提高,将继续推动外壳出货,而通达将寻求3D/一体式外壳和IoT产品的混合升级。

里昂下调对通达股份目标价,由0.95元降至0.52元,评级维持「跑输大市」,并下调集团今明两年核心盈利预测分别29.3%及38.7%,以反映销售及毛利率假设较低,及经营开支较高。

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