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《大行報告》美銀證券上調康龍化成(03759.HK)目標價至201元 評級「買入」
阿思達克 01-27 15:36
美銀證券發表研究報告指,康龍化成(03759.HK)日前發盈喜,預告2020年度收入將按年增長34%至39%,純利更升107%至117%,勝過市場預期,主要由於實驗室服務特別是生物科學服務增長加快、CMC業務強勁增長且利潤率提高、匯兌利好因素以及強大現金流有助降低債務成本。

該行引述管理層表示,今年實驗室服務有可能在保持快速增長勢頭,中國當局著力發長化學和生物科學研究,令行業呈長期向好趨勢。公司透露,紹興工廠將於今年上半年投產,有助提高CMC服務能力,預期今年將增聘1,200至1,500名員工;業務拓展下,今年資本支出預計達到約12億元人民幣。

美銀重申對康龍化成的「買入」評級,目標價由168元提升至201元,指出業績好過預期,將2021至2022財年純利預測上調至15.56億及20.99億元人。

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