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《大行报告》高盛一举降海天国际评级至「沽售」 内地工业科技板块看好中车时代及中国通号
阿思达克 05-28 16:06
高盛发表研究报告,指内地工业科技板块经历首季格外快速的增长後,料次季至末季增速将逐渐至正常化水平。在终端市场方面,料广泛疫後复苏稳定,并料新兴工业(如电动车、电池、太阳能及半导体)正成为结构性推动力;另电子敞口在今年下半年放缓後,料明年潜在增强。整体而言,在该行所覆盖内地工业科技中,核心股份有望扩大市占,并收窄与外国龙头企业的差距。由於多项应对措施,料原材料通胀对毛利率的压力有限。

该行维持对中车时代电气(03898.HK)及中国通号(03969.HK)的「买入」投资评级,惟下调海天国际(01882.HK)评级由「买入」一举降至「沽售」,目标价由33元降至23.8元,考虑自去年11月初加入至「买入」名单以来,海天国际累升40%跑赢大市,同期H股覆盖股平均升29%,MSCI中国指数则升4%;以及其在新兴工业敞口较小,较其他予「买入」股份比较,其潜在市占扩大空间亦较小。详细评级及目标价见另表。

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