You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨東吳證券:東方電纜在手訂單充足且優質、全年業績高增無虞,維持“買入”評級
格隆匯8月7日丨東吳證券6日研報指出,東方電纜(603606.SH)2023H1海纜收入平穩增長、盈利能力維持高位。海纜收入高增主要系2023Q2海風裝機加速所致,毛利率維持較高水平預計主要系青洲一二等高盈利項目逐漸交付所致。公司在手訂單充足且優質、2023年業績高增無虞。2023H1公司斬獲多個優質訂單,海纜包括三峽岱山1號(220kv)、廣西防城港海風示範項目(220kv)、沃旭-Baltica 2(66kv)項目等,合計約14億元;陸纜包括國網23年第一批採購、成都軌交項目等,合計近18億元。截至2023年7月底,公司在手訂單80.01億元。基於2023年海風招標加速,維持盈利預測,預計2023-2025年歸母淨利潤為16/25/30億元,同增89%/58%/21%。基於公司為海纜龍頭,超高壓具備先發優勢、臍帶纜和出口有望持續突破,給予公司2023年25xPE,對應目標價58元,維持“買入”評級。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account