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研報掘金丨中信證券:給予京東方A目標價5元,維持“買入”評級
中信證券研報指出,京東方A(000725.SZ)上半年業績修復主要受益行業回暖,大尺寸面板價格持續上升。其中第二季度扣非歸母淨利潤0.83億元,為22Q2以來首次轉盈。給予2023年1.5倍PB,對應目標價為5.0元,維持“買入”評級。目前LCD面板格局改善明確,廠商控產下稼動率提升温和,需求端大尺寸化超預期,預計後續行業景氣修復具有持續性,公司業績有望逐步改善。同時OLED產能國內第一併供應大客户,有望逐步扭虧為盈,成長性凸顯,此外內生+外延加碼佈局VR/MLED,“1+4+N”協同發展,未來有望打開物聯網萬億市場,中長期看好公司發展。
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