中银国际:在电气化和自动驾驶的行业趋势上估值被低估 上调耐世特(1316.HK)目标价至18港元 评级“买入”
格隆汇1月19日丨中银国际今日发研报指,由于耐世特(1316.HK)在亚太和欧洲的业务表现出色,以及美国市场的复苏,美元贬值带来的有利外汇兑换,该行预计公司2020财年下半年的整体营收将实现逾18亿美元的正增长,并预计净利润将同比增长超过15%达到1.17亿美元,优于一致预期。该行指出,目前的预测没有考虑到潜在的税收优惠,这可能会给公司净利润带来进一步的上升。展望未来,鉴于耐世特在R-EPS的领先地位和DP-EPS的增量贡献,中银国际料电气化的行业趋势预示着耐世特将进一步增强其全球市场份额。该行相信随着自动驾驶技术的发展,耐世特将从SBW技术的商业化中受益。此外,公司的估值仍远低于在香港上市的同行,作为受益于电气化和智能化的关键零部件供应商,中银国际认为耐世特的估值重评远未结束,重申“买入”评级,并将目标价上调至18港元,较1月18日收盘价11.42港元有约58%的潜在升幅。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.