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美銀:予創科實業(0669.HK)買入評級 目標價135港元
格隆匯 01-05 12:52

美銀證券發表研究報吿表示,創科實業(0669.HK)是一間積極進取的增長型企業,並將其視為無線電工具的創新領導者,預期集團在2021至22年將繼續錄得強勁增長。該行予集團目標價135港元,評級為買入。

美銀證券表示,集團擁有Milwaukee和Ryobi等品牌,預料未來數年,Milwaukee將繼續以20%的速度增長。Ryobi亦已確立在電動割草機的領導地位,而一些監管機構正考慮禁止在室外使用以天然氣驅動的工具,以減少排放。

該行指,集團在香港上市,但其近80%收入均來自北美地區,基本上是一間美國企業。此外,集團在研發、銷售及營銷方面的投資較同業更為積極。該行預料,集團在2020年有望達到18%的增長,而由於新產品的推出,令貨架空間進一步擴展,2021年將實現雙位數增長。

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