《大行报告》摩通上调申洲(02313.HK)目标价至170元 评级「增持」
摩根大通发表研究报告,指申洲国际(02313.HK)将於3月公布去年业绩,预期去年纯利增1.4%,估计收入升0.5%,以反映去年下半年收入增1.2%,盈利跌1%,主要受汇兑、税率影响但部份被高毛利产品所抵销。
该行降申洲国际2020至2022年盈利预期5至8%,以反映上述影响,对其目标价由143元升至170元,此按现金流折现率作估值,相当预测未来12个月市盈率29倍,维持「增持」评级,相信可受惠海外质本地产能扩张、产业垂直综合、创新、自动化等,预期今年销售和盈利分别可增17%。
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