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《大行報告》高盛下調申洲(02313.HK)目標價至107元 評級「買入」
阿思達克 08-26 10:14
高盛發表報告指,申洲(02313.HK)中期業績勝預期,EBIT較預測高4%,銷售額則較預測高7%。純利較該行早前預測高25%,主要來自於匯兌收益的帶動。 該行指出,與公司交流後認為管理層對前景態度較為保守審慎,預期下半年中國廠房利用率將會出現下跌,甚至可能因為市場需求疲軟、庫存過多及公司在中國市場佔有率較高,利用率至明年上半年仍會持續下降,第三季產能擴張幅度預期達10%以上,下半年整體提升幅度則為單位數。 高盛預期申洲的訂單和利潤率前景近期將面臨壓力,將今年純利預測上調0.4%,但將2023至2024年預測下調2%至5%,目標價由113元降至107元,維持「買入」評級。
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