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《大行報告》大和升信義光能(00968.HK)評級至「跑贏大市」 目標價降至14.5元
阿思達克 03-31 12:08
大和發表研究報告,指受累近期宏觀貨幣政策收緊,在潛在降價下,信義光能(00968.HK)本年至今股價累計回調34%,指其現估值吸引,受惠盈利增長前景仍穩固。報告下調其乘用車玻璃銷售均價預測,惟被產量增加部分抵銷,相應下調其今明兩年盈測介乎9%至11%,並升其投資評級由「持有」上調至「跑贏大市」,認為現時屬長線投資者吸納時機,目標價則由20.4元降至14.5元。

報告稱,信義光能去年收入按年升35.4%,主要受惠去年下半年乘用車玻璃售價及銷量上升。去年乘用車玻璃毛利率按年升17個百分點至49%,主因銷售均價上升及採購成本降5%至15%。不過,隨著供應逐漸釋放及多晶矽成本上升下模組需求回落,該行料乘用車玻璃銷售均價及毛利率將回復至正常水平。

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