《大行报告》里昂下调耐世特(01316.HK)目标价至14.1元 评级「买入」
里昂发表报告表示,耐世特(01316.HK)首季持续跑赢全球汽车系统及零部件制造商同业,但无论如何,晶片短缺问题将继续困扰行业,甚至将较疫情困扰更严重,令经营溢利受原材料成本增长所影响。
该行指,下调对耐世特毛利预期,分别降其2021年至2023年盈利预测各10.2%、2.4%及2.3%,目标价由17元降至14.1元,此相当於2022年市盈率17倍(此前予20倍估值),但该行仍看好公司长期产品升级,以及新能源车的增长趋势,重申「买入」评级。
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