《大行報告》野村上調申洲(02313.HK)目標價至140.1元 評級「買入」
野村發表研究報告,指申洲(02313.HK)上半年純利按年升4%至25.12億元人民幣,若撇除零售業務虧損,純利則升1.5%。上半年收入跌0.4%至102.34億元人民幣,若撇除零售業務的影響,收入升2.3%,該行指,公司銷售表現顯著勝同業。
該行指,在疫情期間,公司持續擴展海外生產,首階段在柬埔寨的廠房已經完成,第三季起商用;同時在越南增聘員工。在疫情期間,部份小型企業離場或暫停生產,公司將較同業更快搶佔市場份額。該行調升集團2020-22年盈利預期10-27%,以反映受到疫情影響較預期低,並認為集團可受惠行業整合,及其業務多元化,重申「買入」評級,目標價由114.1元升至140.1元。
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