《大行報告》瑞信升比亞迪電子(00285.HK)評級至「中性」 上調目標價至41.2元
瑞信發表研究報告指比亞迪電子(00285.HK)去年下半年純利表現遜預期,收入和毛利則符預期,非經營收入較高和稅項較低抵銷了較高營運開支,而非經營收入增加主要來自政府補貼。
該行指,公司維持今年收入目標在1,000億元人民幣,其中80%至85%收入來自蘋果與安卓,毛利率與去年第四季水平(9.9%)相若,毛利率展望理想,因目前口罩業務佔比有限。
該行升今明兩年盈利預期分別2%及28%,評級升至「中性」,目標價由33.5元升至41.2元。
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