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《大行報告》摩通下調申洲(02313.HK)目標價至202元 評級「增持」
阿思達克 08-27 10:49
摩通研究報告指出,申洲(02313.HK)短期業務受壓,主因非核心業務利潤及越南疫情等影響,拖累今年上半年盈利遜預期,惟對申洲長期市佔率優勢保持信心,相信在疫情過後只會更爲穩固。 摩通稱,申洲上半年派息比率達60%,較歷史平均水平約50%爲高,工人效率提升14%及訂單需求強勁等,預期其今明兩年銷量各升13%,更料公司於海外市場加快產能擴張。不過基於下半年毛利率續受壓及越南疫情的不確定性,將其2021至2023年度盈利預測下調5%至8%,目標價由220元調低至202元,維持「增持」評級。
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