高盛:維持長飛光纖光纜(6869.HK)“買入”評級 目標價15港元
高盛發佈研究報吿,將長飛光纖光纜(6869.HK)目標價由16.1港元降6.8%至15港元,維持“買入”評級。
報吿稱,公司過去兩季收入強勁,第一季毛利率更有改善,毛利率正步向穩定,現時炭纖價格低,但公司仍可維持盈利,相對較多同業已取得虧損。公司繼續在多個業務多元化,公司最近建立了一項基金,投資於電子材料和複合半導體,公司先前已經投資了一家矽片生產商,預計可為公司長期進入這些業務鋪平道路。
該行表示,為反映光纖預製和光學器件銷售放緩,將2021-23年收入預測降低2%、3%及10%,同時將2021-2022年的毛利率預測減2個百分點。另外,2021-23年淨利潤預測下調了28%、28%及23%。

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