《大行報告》大和上調耐世特(01316.HK)目標價至7元 評級「跑贏大市」
大和發表評級報告指,耐世特(01316.HK)上半年收入按年增3.3%至18億美元,呈1,100萬美元淨虧損,其毛利率維持於8.4%的歷史上低位,惟該行預料,此情況將於下半年轉好。
該行相信,除了上半年商品價格上漲及物流費率仍高企,產品價格於週期後期下跌或會是利潤率疲軟的關鍵原因,惟該行相信公司利潤率將於下半年改善,料下半年毛利率將達11.5%。
該行表示,將公司今年每股盈測下調35%,以反映上半年其毛利率表現遜於預期,並將其目標價由7元下調至5.3元,重申其評級為「跑贏大市」。(ca/a)
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