《大行报告》野村上调中联重科(01157.HK)目标价至16.3元 评级「买入」
野村发表研究报告指,中联重科(01157.HK)去年表现令人失望,特别是毛利方面,但维持「买入」评级,因在行业上升周期,公司资产质素和资产负债表改善。原材料成本上升是2020年毛利下跌主要原因,管理层表明透过中央化的采购程序、更多本地组件,将可抵销原材料成本增加。
该行预期比管理层更保守,降今明两年毛利预期,但升盈利预期2%及5%,以反映付运量增长,目标价升2%至16.3元。
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