《大行報告》野村降聯想集團(00992.HK)評級至「減持」 目標價下調至7元
野村發表研究報告,指個人電腦需求下降,市場上多重宏觀不確定性因素疊加,由於中國內地市場,及俄羅斯、烏克蘭、白俄羅斯市場分別佔聯想集團(00992.HK)2021年總銷售額的逾20%,及3%至5%,因此預期聯想集團截至6月底止首財季銷售額可能會放緩,其中個人電腦出貨量首財季跌幅或達到雙位數。
該行表示,雖然聯想集團的智能手機及伺服器業務繼續表現相對較好,但仍將評級由「中性」下調至「減持」,指出個人電腦市場需求放緩,加上競爭對手LG的智能手機出貨量已降至很低水平,因此聯想集團進一步擴大市場份額的空間有限。
聯想集團自去年起屬恆生科指成份股中表現最佳,與商湯-W(00020.HK)並列。報告稱,如果考慮市場對智能手機及互聯網板塊前景看法已變得悲觀,個人電腦需求下降僅屬初步階段,則野村預期聯想集團截至明年3月底止下半財年吸引力將下降,將聯想集團目標價由10元下調至7元,對應2024財年每股盈利預測的約6倍。
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