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《大行报告》大摩升耐世特(01316.HK)评级至「增持」 目标价上调至9元
阿思达克 10-22 09:50
大摩发表的研究报告指,耐世特(01316.HK)主要市场的订单开始自疫情反弹,加上公司的策略转型已接近尾声,估计公司股价可受惠复苏,考虑到强劲的销售复苏和营运杠杆,该行将公司2020-22年的盈利预测上调4-21%,将其评级升至「增持」,目标价亦由4.6元大幅上调至9元。

该行指出,公司股价已自2018年的高位大跌64%,而同期恒指跌幅仅21%,主要由於受疫情影响公司在内地的扩张及美国的订单亦减缓,拖累收入表现放慢。虽然难以估计股价何时见底,但该行认为公司的风险回报已转向正面,而营运层面正走出谷底,主要市场包括美国及中国汽车业均见强劲复苏;公司转型策略最困难时期已过;而很多新的旗舰车款亦会在今年下半年起推出;估计公司将开始自2018-19年获得的订单中获利。

但大摩亦指出,疫情持续对欧美业务短期的经营可持续性或带来阴霾,而汽车行业环境及疫情持续,或会令公司的产品/客户多元化进程延後,并影响的新产品推出。(el/u) ~

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