《大行報告》美銀證券下調頤海國際(01579.HK)目標價至51.5元 評級「跑輸大市」
美銀證券發表報告,預期頤海國際(01579.HK)今年上半年銷售可按年增長超過20%,不過純利則料下跌10%,主要由於產品組合轉至低毛利板塊及研發比率上升,令毛利率受損。該行又預計,集團的組織改革及策略調整會帶來短期的問題及不明朗性。
美銀下調頤海國際股份目標價,由55元降至51.5元,評級維持「跑輸大市」,並調低集團今明兩年每股盈利預測分別8%及7%。該行相信,集團的增長放慢及毛利率新常態會觸發進一步估值向下重評。
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