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《大行報告》野村下調耐世特(01316.HK)評級至「中性」但升目標價至5.5元
阿思達克 07-15 09:47
野村發表報告表示,降耐世特(01316.HK)今年收入及盈利預期分別13%及58%,以反映上半年預期虧損錄1,000萬美元,相信公司因第二季工廠產能減少三分二,令收入跌30%以上,毛利跌7個百分點。

該行指,耐世特自6月中起於美國汽車生產進入快速補貨期,同時見明顯的訂單增長,維持對其「樂觀」看法,認為最壞情況已經過去,下半年復甦是主要關注,因美國疫情似乎仍然持續,除非疫情明朗化,否則維持今年下半年持平預期。

野村表示,耐世特旗下中國業務收入於首季跌約35%,出口亞洲其他國家的業務部份受疫情影響,不過主要國內客戶在6月份錄25%增長相信中國業務可於下半年復甦,維持EBITDA利潤率20% 。

該行將耐世特目標價由5.4元升至5.5元,以反映對下半年復甦預期,並調低評級,由「買入」降至「中性」。

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