《大行报告》汇丰研究下调联想集团(00992.HK)目标价至12.4元 评级「买入」
汇丰研究发表报告指,联想集团(00992.HK)第四财季每股盈利胜预期,全产品线盈利能力改善,毛利较该行及市场预期高出24%及18%,个人电脑销情向好,数据中心及手机业务盈利能力提升,带动盈利增长,季度净利润较该行及市场预期高9%及21%。
即使在零件短缺下,联想集团电脑业务中长期需求仍继续强劲。期内数据中心业务部门税前亏损达3,000万美元,较集团指引为少,管理层预期2022财年数据中心业务收入可达双位数增长。
汇丰研究将联想集团2022至2023财年每股盈利预测上调8%及1%,由於下调估值基础,由预测2022财年市盈率由13倍降至12倍,相应将目标价由12.5元轻微下调至12.4元,维持「买入」评级。
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