《大行報告》摩通上調申洲(02313.HK)目標價至111元 評級「增持」
摩通發表報告指,申洲(02313.HK)的業務能見度較高,在去年第4季和今年第1季銷量下滑後,隨著美國和歐盟庫存逐步正常化,以及內地放寬防疫政策後零售環境恢復的支持下﹐今年第2季可能會出現銷量正增長。
摩通預計申洲今年的銷售增長將從去年下半年的7%提高到12%,毛利率將從去年下半年的23.5%恢復至今年的26.2%,主要受到內地工廠利用率提高的支持。該行對申洲與客戶保持穩固關係的能力仍然充滿信心,將去年至明年的盈利預測微調2至4%,目標價由99元升至111元,維持「增持」評級。
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