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《大行报告》大和升信义光能(00968.HK)评级至「跑赢大市」 目标价降至14.5元
阿思达克 03-31 12:08
大和发表研究报告,指受累近期宏观货币政策收紧,在潜在降价下,信义光能(00968.HK)本年至今股价累计回调34%,指其现估值吸引,受惠盈利增长前景仍稳固。报告下调其乘用车玻璃销售均价预测,惟被产量增加部分抵销,相应下调其今明两年盈测介乎9%至11%,并升其投资评级由「持有」上调至「跑赢大市」,认为现时属长线投资者吸纳时机,目标价则由20.4元降至14.5元。

报告称,信义光能去年收入按年升35.4%,主要受惠去年下半年乘用车玻璃售价及销量上升。去年乘用车玻璃毛利率按年升17个百分点至49%,主因销售均价上升及采购成本降5%至15%。不过,随着供应逐渐释放及多晶矽成本上升下模组需求回落,该行料乘用车玻璃销售均价及毛利率将回复至正常水平。

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