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《大行報告》麥格理上調聯想集團(00992.HK)目標價至8.1元 評級「跑贏大市」
阿思達克 08-14 10:22
麥格理發表研究報告,指出聯想集團00992.HK)截至6月底止首財季的營業利潤按年增長20%,較市場預期高出43%。純利按年增長31%,較預期高出70%。然而,股價卻在公布業績後下跌。公司的毛利率及營運開支均有所下跌,而營業利潤率為3.1%,較預期的2.4%高。該行揣測毛利率及營運開支降低是股價下跌的原因,但這主要是因為收入結構轉變,裝置即服務(DaaS)、Chromebook及消費者主導的個人電腦銷售增長所致。

該行將公司2021財年的純利預測上調3%,2022及2023財年的純利則分別下調1%及2%。目標價由原來的7.71元上調至8.1元,維持「跑贏大市」投資評級。

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