You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》大和下調耐世特(01316.HK)目標價至5.3元 評級「跑贏大市」
阿思達克 03-18 15:19
大和發表研究報告指,耐世特(01316.HK)2021年毛利率為10.8%,低於該行預期的13.4%,其中下半年芯片短缺及疫情影響需求,雖然公司已將部分上升的成本轉嫁予代工商,但毛利率仍面臨沉重壓力,按年下7.5個百分點降至8.4%。 大和認為,今年全球汽車市場仍面臨芯片短缺的挑戰,而近期內地不少城市疫情再度爆發,進一步抑制汽車消費需求;首兩個月美國汽車銷量按年跌56%,反映出自去年下半年至今的需求持續惡化。 該行預期下半年全球芯片短缺的情況將進一步得以緩解,認為中國市場是今年主要增長來源,因為其生產狀況比美國更穩定,主要合資品牌在芯片供應方面都會優先考慮中國市場。 大和將耐世特2022至2023年的收入預測下調8%至9%,淨利潤預測下調42%至52%,預計今明兩年毛利率恢復至2020年水平的可能性較低,目標價由9.9元下調至5.3元,維持「跑贏大市」評級。
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.
uSMART
Wealth Growth Made Easy
Open Account