一文了解券商於申洲(02313.HK)公布中期業績後最新觀點及目標價
申洲國際(02313.HK)昨公布中期業績股價抽高7.9%後，今早持續向上及盤中曾高見131.7元一度升10.5%，摩根士丹利指公司純利高該行預期7%，顯示出公司強勁的執行力，料申洲股價會因業績反應正面。
申洲昨中午公布今年中期業績，營業額102.34億人民幣按年跌0.4%，純利25.12億人民幣按年升4%，當中已包括按51%股權佔比分攤的已退出之零售業務虧損為約2,385.8萬人民幣，若剔除，純利增長約為1.5%；每股盈利1.67人民幣，派每股中期息0.9港元，與去年同期持平。
【業績勝預期 執行力強勁】
摩根大通發表報告表示，上調對申洲國際評級，由原來「中性」升至「增持」，目標價由91港元上調至143港元，此相當未來12個月預測市盈率25倍，指中期業績優預期，對其執行力感正面，相信今年下半年訂單將有改善，上調對其2020年至2022年純利預測7%至15%，指反映銷售增長及毛利表現理想。
高盛稱，調高對申洲國際目標價由107港元上調至136港元，上調對其今年純利預測22%，反映中期業績優預期，以及下半年訂單前景改善。摩根士丹利發表報告表示，申洲國際中期純利主要受體育服裝需求所推動，今年上半年純利按年升4%至25.1億人民幣，高該行預期7%，顯示出公司強勁的執行力，期內收入按年微跌0.4%，較該行原預期低4%，而該行料申洲股價會因業績反應正面。
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本網綜合9間券商予其最新評級及目標價：
券商│評級│目標價(港元)
摩根大通│中性->增持│91->143元
花旗│買入│107.8元->142元
野村│買入│114.1元->140.1元
傑富瑞│買入│110元->137元
高盛│買入│107->136元
大和│買入│112->134元
建銀國際│跑贏大市│108->130.3元
瑞信│中性│100元
瑞銀│中性│95元
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券商│觀點
摩根大通│代工生產訂單增加，上半年業績勝預期
花旗│上半年業績勝預期，上調目標價
野村│受惠穩健經營和多元化業務組合，上調目標價
傑富瑞│預期服裝訂單大增，帶動2021年利潤豐厚
高盛│上半年業績表現穩定，明年前景更好
大和│預計從2021年恢復兩位數產能增長
建銀國際│競爭優勢擴大，
摩根士丹利│上半年業績勝預期，對股價有積極反應
瑞信│上半年業績符預期，因嚴格節省銷售費用
瑞銀│恢復聘用新員工，明年收入貢獻受限
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