《大行報告》瑞信降聯想(00992.HK)評級至「中性」 目標價下調至9元
瑞信發表報告指,聯想集團(00992.HK)於科創板公開發行存託憑證(CDR)的申請於今年9月30日才被監管機構受理,惟於10月8日宣佈終止申請,且未有解釋原因。
該行表示,集團繼續投資令負債上升,其中計劃花費65億元人民幣發展新產品/解決方案及作策略投資,相信集團會繼續使用其現金流及債務加快潛在開支,而此舉或會令毛利率受損。另一方面,該行認爲聯想近期業務在軌道上,相信在商業需求恢復下,集團明年的電腦業務仍有良好表現。
瑞信調低聯想集團2023財年每股盈利預測10%,以反映經營開支及財務成本增加,並相信聯想終止申請CDR會帶來負面情緒,股份評級由「跑贏大市」降至「中性」,目標價由13.5元下調至9元。
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