You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》高盛升海信家電(00921.HK)目標價至16元 維持「買入」評級
阿思達克 03-23 14:36
高盛發表研究報告,指海信家電(00921.HK)與格力(000651.SZ)同屬冷氣機市場強勁增長的主要受惠者。海信日立增長持續快過行業均值,利用在發展商及商業渠道的優勢,即使在疫情爆發時仍從同業贏得市佔。報告稱,以往分體式冷氣機拖累收入增長及利潤率,該行料隨著行業強勁增長及加價,收入將恢復增長,利潤率將復甦。

報告調整海信家電2020至2024財年每股盈測,由降12.4%至升17.5%不等,以反映成本上漲及在可變製冷劑流量(VRF)市場增長加快。該行料海信家電去年收入升30.4%,純利則跌27%;今年則分別升13.3%及3.6%。目標價由12元上調至16元,維持「買入」評級。

高盛預期海信日立未來兩至三季仍持續受惠海外市場需求,海信家電明顯有潛力獲重大估值重評,因海信日立對總純利佔較大比重;未來白色家電盈利能力正常化;以及潛在併購Sanden,或可進軍快速增長的電動車冷氣市場。

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.
uSMART
Wealth Growth Made Easy
Open Account