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《大行報告》大摩降海爾智家(06690.HK)評級至「與大市同步」 下調JS環球生活(01691.HK)目標價至20元
摩根士丹利發表研究報告,指宏觀經濟放緩及市場預期下行可能會繼續拖累近期內地家電股表現,但預期今年需求及成本壓力將恢復正常,憧憬當局對家居耐用品採購的政策支持。 大摩表示,在行業中較看好白色家電和小家電,認爲來自內需的增長大於外銷,預計2022年整體家電及家居耐用品的內需將按年增長最多5%,當中白色家電及小家電的需求有所改善;至於廚房電器及其他傢俱銷售則預期隨着住宅竣工放緩而下降。大摩指,家電企業需要擴大產品類別及地域市場,以保持增長趨勢。 該行又指,發改委已表達對環保、智能家電的支持立場,政策支持將釋放更新換代需求,推動股份獲估值重評。大摩將海爾智家(06690.HK)的評級由「增持」降至「與大市同步」,目標價維持35元,並將JS環球生活(01691.HK)目標價由24元降至20元,評級「增持」。
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