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《大行報告》美銀證券下調聯想集團(00992.HK)目標價至9.7元 評級「買入」
阿思達克 08-11 10:02
美銀證券發表報告指,聯想集團(00992.HK)首季盈利5.16億美元,按年增長11%,升至首季度紀錄新高,比該行和市場預期分別高9%和6%。銷售額和毛利率符合該行和市場預期。由於效率提高,經營溢利率比該行和市場預期高3個百分點。 美銀證券認為,首季業績證明集團在充滿挑戰的行業格局中仍專注於提高利潤,管理層的目標是繼續提高雲業務/企業伺服器利潤率。該行預計聯想第二季業績將與去年同期持平,因為穩固的利潤率或抵銷消費市場的負面因素。 該行將對聯想2023至2025財年盈利預測提高2%,但目標價將略微由9.9元下調至9.7元,重申「買入」評級,因為組合改善、盈利穩健和估值不高。
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