You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行报告》花旗上调敏实(00425.HK)目标价至33.2元 评级「买入」
阿思达克 09-02 14:02
花旗发表研究报告预期,敏实(00425.HK)下半年收入按年下跌8%,主要是因为海外需求疲弱;受到毛利率反弹,尤其是欧洲业务所带动,料纯利回升7%。考虑到管理层的指引及该行的预测,料2021至2023年的电池盒业务年复合增长率达289%,以及2020至2024年的毛利率将每年快速扩阔4至5个百分点,并在2024年达到25%的目标。

该行预期公司的金属及饰条业务的毛利会在2021至2023年分别按年增长26%、33%及19%,塑件业务分别按年升24%、15%、14%;铝件业务分别升28%、24%及17%,这是得益於产品组合增加、产品平均售价提升,带来的毛利率改善所致。

该行将公司2020至2021年每股盈利预测分别下调8%及1%,2022年则上调18%。目标价由原来的27.8元上调至33.2元,维持「买入」投资评级,认为随着公司进入顶级汽车企业的供应商联盟,应该获得估值溢价。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account