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《大行報告》匯豐研究下調創科(00669.HK)目標價至101元 評級「買入」
阿思達克 08-11 10:43
匯豐發表評級報告指,創科(00669.HK)上半年收入及淨利潤分別按年增10%及10.4%;而以當地貨幣計算,旗艦品牌Milwaukee呈按年26%增長。由於顧客DIY需求放緩,該行料戶外工具品牌Ryobi上半年收入按年跌1%。而因疫後需求疲弱,上半年地板護理收入按年跌18%。戶外動力設備(OPE)需求亦因惡劣天氣而疲軟。公司預料,今年OPE電池市場按年跌10%至15%。 該行指,根據最新指引,Milwaukee收入按年增20%及今年總收入按年增中單位數,另外公司不再期望在2024年達200億美元收入目標,並將目標推延至2025至26年。該行料,公司今年總收入增6%,意味著Milwaukee下半年收入按年增17%、Ryobi按年跌13%及地板護理按年跌20%。 由於顧客DIY、OPE及地板護理需求疲軟,該行將公司今年、明年及2024年收入預測分別下調4%、6.4%及6.5%,每股盈測分別下調4%、6.2%及6.3%,目標價由108元下調至101元,維持其評級為「買入」。(ca/u) ~
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