《大行报告》瑞信升比亚迪电子(00285.HK)评级至「中性」 上调目标价至41.2元
瑞信发表研究报告指比亚迪电子(00285.HK)去年下半年纯利表现逊预期,收入和毛利则符预期,非经营收入较高和税项较低抵销了较高营运开支,而非经营收入增加主要来自政府补贴。
该行指,公司维持今年收入目标在1,000亿元人民币,其中80%至85%收入来自苹果与安卓,毛利率与去年第四季水平(9.9%)相若,毛利率展望理想,因目前口罩业务占比有限。
该行升今明两年盈利预期分别2%及28%,评级升至「中性」,目标价由33.5元升至41.2元。
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