大和:重申裕元集團(0551.HK)優於大市評級,削目標至13.5港元
格隆匯5月16日丨大和發研報指,裕元集團(0551.HK)首季純利按年升3.7%至8900萬美元,勝預期,主要由於營運效率的強勁表現,令收入按年增長12%。該行重申其“優於大市”評級,目標價由15港元下調10%至13.5港元。大和指,於第一季度,其產能利用率按年增加4個百分點至91%,不過越南廠房表現仍遜於中國廠房。管理層指,公司見到有強勁的訂單,並重申其今年收入增長15-20%,毛利率18%的目標。該行將其2022-23年每股盈利預測下調9-14%。

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