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《大行报告》花旗上调建滔积层板(01888.HK)目标价至23元 评级「买入」
阿思达克 03-10 13:56
花旗发表研究报告指,建滔积层板(01888.HK)於今年1月至3月对覆铜板产品FR4再作新一轮提价,每月每张上调10元人民币,达到200至210元人民币,高於指引的上调5至10元人民币。

该行指出,首季铜箔价格已上升约35%至40%,玻璃纤维布平均售价亦已升55%至60%,上游提价幅度高於积层板产品,预期对行业升级周期下,建滔积层板铜箔及玻璃纤维布产品毛利率可分别达到50%及28%以上,估计上游业务今年将贡献逾三成盈利。

花旗认为,在全球通货膨胀及行业垂直整合的大环境下,建滔积层板表现较同行好,将其列为首选股,上调盈利预测31%至32%,目标价上调至23元,认为近期股价调整是入市机会,评级「买入」。

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