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《大行报告》麦格理一举升威高股份(01066.HK)评级至「跑赢大市」 目标价上调65%至21.07元
阿思达克 06-07 15:30
麦格理发表研究报告,一举升威高股份(01066.HK)投资评级由「跑输大市」升至「跑赢大市」,上调今明两年盈测分别2%及9%,考虑采用更高估值基础,目标价大升65%,由12.8元上调至21.07元。该行称,考虑威高多元化及具韧性的组合,定价政策对其低端医疗消耗品的影响看法更为正面。即使在近期骨科中央采购潜在押後的官方公布刊发前,公司指引今年有18%至20%增长,对毛利率没影响。相反,该行所覆盖其余三家设备公司对此仍未有指引,或仍产生重大亏损。

报告称,医药包装料支持未来两年逾30%增长,受惠预充新冠疫苗小瓶强劲需求。威高目标2022年产能达11亿支。以销售均价每支3元人民币计,销售料达33亿元人民币。更确定的长期盈利展望促使该行上调对其包装及侵入性业务估值基础,至分别明年预测市盈率35倍及30倍。

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