《大行報告》野村下調中興(00763.HK)目標價至26元 評級「買入」
野村發表評級報告,指中興通訊(00763.HK)今年首季收入及盈利按年增6.4%及1.6%,扣除非經常性項目盈利則按年大升117.1%,至19.5億元人民幣,料受惠於毛利率上升及嚴格控制營運支出。
該行表示,將公司2022年至2023年收入預測下調2%至4%,其盈利則下調5%至10%,以反映需求增長放緩,並引入對中興2024年收入和盈利預測(料分別增15%及9%)。
野村稱,以明年每股盈測1.83元人民幣,預測市盈率由15倍降至12倍為估值基礎,目標價由32元下調至26元,與該行對中興預測2022至2023年度盈利年均複合增長12%一致,重申「買入」評級。
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