《大行報告》里昂下調申洲(02313.HK)目標價至197元 評級「買入」
里昂發表報告指,申洲(02313.HK)第四季產能利用率穩步回升,考慮到明年前景,認為該公司較同業更具吸引力,維持其「買入」評級,但計及越南工廠停工影響,將目標價由207 元下調至197元,以反映將其2021至2023年盈利預測下調11%、7%及8%,至48億、65億及76億元人民幣。
報告指出,第三季越南工廠停工,令申洲面對較大挑戰,預期將導致下半年毛利率將按年收窄3個百分點。但該行相信,相關生產阻礙屬短期影響,認為申洲近年擴大產能、招聘工人及升級設備,長遠而言有利於持續發展,加上今年基數較低,認為未來在收入增長及利潤率擴張方面具有強大潛力。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.