大行評級丨美銀證券:上調耐世特目標價至5.2港元 評級“跑輸大市”
美銀證券發表研究報吿指出,耐世特中期收入按年增長17%至21億美元創新高,超過該行預期6%,並較去年下半年升3%。毛利率雖然按年增長0.7個百分點至9.1%,惟較去年下半年跌1.5個百分點,低過該行預期的11.6%。該行指考慮到耐世特上半年收入強勁增長,將其2023至2025年的收入預測上調5%;但由於毛利復甦遜預期,對毛利率預測各下調2、1及0.5個百分點,分別至10.2%、12.3%及12.9%。另對公司今明兩年的純利預測各下調30%及5%。目標價則由4.7港元上調至5.2港元,重申“跑輸大市”評級。
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