《大行報告》瑞信升耐世特(01316.HK)評級至「跑贏大市」 目標價上調至7.4元
瑞信發表研究報告將耐世特(01316.HK)評級由「中性」升至「跑贏大市」,認為公司將受惠北美補庫存,相關收入料將帶動今年下半年及明年上半年盈利強勁增長,目標價由4.01元大幅上調至7.4元。
該行指出北美庫存由2019年次季的頂峰210萬台,跌至今年5月份的120萬台,當中貨車庫存特別低,故估計公司將受惠通用、福特及快意佳士拿補庫存行動,而公司亦將在第三季加快生產。考慮到受疫情影響3月至5月全球生產叫停,該行估計公司上半年入帳淨利將為2,900萬美元,按年跌78%,但公司分別在5月11日及6月1日加快在美國及墨西哥廠房的步伐,由每日一更增至每日三更,相信第三季將快速回復至疫情前的水平。因此該行將公司盈利預測上調了6-7%以反映相關因素的影響。
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