廣發證券:新能源化、智能化齊頭並進,產品量價齊升,首次覆蓋英恒科技(1760.HK)並予“買入”評級
中國領先的汽車電子解決方案提供商英恒科技(1760.HK)宣佈集團獲納入富時羅素全球股票指數系列,包括富時完整全市場指數和富時全球微盤股指數,並將於2023年9月15日收市後正式生效。英恒科技本次獲納入富時羅素全球股票指數系列,反應集團得到國際資本市場對其潛在價值及發展方向的認可,有助提升集團股份買賣的流動性,從而進一步實現集團的投資價值。廣發證券近日發研報指,英恒科技2023年上半年推出面向L2+和L2++等級智駕場景的MADC3.5域控制器,還推出了兩款基於英飛凌多核處理器的高端前後區域控制器解決方案。定位輕資產、重研發的汽車電子解決方案提供商,英恒科技受益於汽車新能源&智能化,產品升級+品類擴張驅動業務持續向上。預計公司23-25 年EPS為0.33/0.41/0.50元/股,考慮公司獨特的商業模式、歷史估值等,該行首次覆蓋英恒科技並給予“買入”評級,目標價5.45港元。
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