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《大行報告》瑞銀上調裕元(00551.HK)目標價至17.59元 評級「中性」
阿思達克 01-19 10:47
瑞銀研究報告引述裕元(00551.HK)管理層指,預期今年代工業務復甦,而公司生產線調出中國的主要調整已在去年完成,預料未來僅有小量調整,並帶來有限的相關一次性成本。

管理層今年策略著重高端訂單多於大眾化市場,預期今年產能不會回復至2019年水平,同時公司計劃在越南和印尼廠房重新聘請員工,料產能只會穩步漸進增加。

該行又指,裕元的零售分支寶勝(03813.HK)於去年第四季的庫存水平已回復正常。作為主要零售商,寶勝可在品牌庫存分享項目受惠,有關計劃將不同區域線上線下庫存連結。該行調升裕元目標價,由16.02元升至17.59元,評級維持「中性」。

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