《大行報告》高盛上調比亞迪電子(00285.HK)目標價至32.51元 評級「買入」
高盛發表研報指,對比亞迪電子(00285.HK)持樂觀看法,預期公司的汽車業務將受惠於產品線擴張、客戶數量提升及比亞迪(01211.HK)的強勁出貨量,同時Apple業務在平板電腦組裝及智能手機外殼方面的市場份額提升,公司整體產品組合亦有所改善,當中利潤貢獻較低的Android智能手機業務減少,而汽車及Apple相關業務增長,帶動毛利率復甦。
該行預測,比亞迪電子2023年收入將按年增長20%,對比去年首三季按年增幅為8%,而毛利率亦預期從2022年的6%,提升至今年料約7.9%。
高盛維持予其「買入」評級,基於今年預測市盈率約17倍,將目標價由28.35元提升至32.51元,以反映今年收入增長預期,以及對未來幾年更強勁的盈利增長和利潤率復甦的積極看法。
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