《大行报告》汇丰研究下调九兴(01836.HK)目标价至10元 评级「买入」
汇丰环球研究发表报告指,九兴(01836.HK)发盈警後,其股价於7月17日下跌了7%,集团披露今年第二季的出货量及收入急跌,管理层亦调低今年全年的销量指引,意味按年有超过30%的下跌。
该行表示,盈警反映集团在欧美(占去年收入近80%)很多客户仍未从疫情及封城中恢复,但认为此并非令人惊讶,预期有关困难仍将持续,特别是包括九兴在内的代工生产(OEM)及委托设计代工(ODM)企业,不过相信集团有足够财力应对,而且长期具竞争力的定位不变。
汇丰研究下调九兴股份目标价,由10.8元降至10元,评级维持「买入」,并预期集团今年将会录得亏损,计及业务复苏更为缓慢,该行调低集团明年盈利预测20%。
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