大和:升偉易達(0303.HK)評級至優於大市 目標價63港元
大和發表研究報告指,偉易達(0303.HK)2021年財年上半年業績,高於該行及市場預期,受惠於居家需求帶動收入大幅增長。該行認為集團最壞的時刻已經過去,但憂慮新一波疫情,故認為對前景未能過於樂觀,將偉易達由持有升至優於大市,惟將目標價由75港元下調至63港元。
大和相信偉易達股票下跌已經見底。受惠於留家措施及供應商整合,集團中期業績遠超過該行及市場預期。隨著使用率恢復到大流行前水平,且毛利率達到了中美貿易緊張局勢開始以來的最高水平,該行認為其股價有上漲的空間。
大和預期集團下半年將恢復全年營業收入,毛利率亦會有改善,將2021年度的每股盈測提升1%,但調低2022年度的每股盈測5%,以反應正在改善的訂單可見度。

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