交銀國際:下調鴻騰精密(6088.HK)評級至“中性” 目標價2.4港元
交銀國際發表研究報告表示,基於鴻騰精密(6088.HK)近期股價表現強勁,認為其進一步上升空間有限,維持目標價2.4港元,相當於2021年預期市盈率11倍,將評級由“買入”降至“中性”。
該行預計,服務器(插槽和零件)及與在家辦公相關的產品(例如WiFi 路由器)銷售表現好於預期,將有助於抵消今年上半年智能手機、汽車和其他配件產品需求受到的打擊,而去年iPhone中採用Type-C可能部分抵消移動業務的同比跌幅。整體而言,該行預計其上半年的業績疲弱。
該行認為,鑑於過去幾年Airpods的強勁銷售,Airpods用户數量也從而大增,蘋果公司越來越有可能在將來的某些iPhone型號產品中排除有線耳機的設計,這將為該公司帶來收入下降的風險。在智能配件業務方面,該行對被其收購的貝爾金公司的增長前景持謹慎態度。

Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.