《大行報告》瑞信上調鴻騰精密科技(06088.HK)目標價至1.25元 評級「中性」
瑞信發表研究報告指出,鴻騰精密科技(06088.HK)上半年收入按年增長6%至21.01億美元,超過該行預期7%,主要由於3+3策略轉型及產品貢獻。受惠於產品組合的持續改善,期內毛利率按年上升3.2個百分點至16.7%。純利增長約8倍至8,500萬美元,與早前盈喜預測一致。
該行稱,鴻騰精密科技管理層維持對下半年的保守看法,面臨持續的挑戰包括宏觀環境動盪、通脹及疫情,公司維持對早前收入增長持平的預測指引不變,料毛利率穩定在約15%水平。第三季收入增長預測持平或呈低單位數增長。
此外,瑞信將鴻騰精密科技2022至2024財年的每股盈利預測分別上調20%、12%及7%,主要由於毛利勝預期。目標價由1.12元上調至1.25元,維持對公司謹慎的看法,並等待其3+3策略的進一步執行,維持「中性」評級。
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