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大和:下調申洲國際(2313.HK)目標價至100港元 料下半年將受壓
格隆匯 03-24 13:48

大和發表研究報告指,申洲國際(2313.HK)去年業績遜預期,由於下半年訂單可能會削減,集團今年的收入能見度仍然很低。大和下調申洲國際目標價25.4%,由原來的134港元降至100港元,維持買入評級。

大和表示,新型冠狀病毒肺炎疫情造成的供應鏈中斷,最終將能推動集團的市場份額增加,一旦疫情消除,集團將會變得強大。

該行將集團2020年的收入預測降低18%,假設今年的銷售及均價都沒有增長。該行又預料,集團今年下半年將承受很大壓力,並預料上半年收入將增長8%,而下半年就跌7%。由於主要客户庫存過多的潛在影響,加上新工廠的擴建或會有所延遲,該行下調集團明年每股盈利預測17%。

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