《大行報告》瑞銀上調海信家電(000921.SZ)目標價至29.5元人幣 評級「買入」
瑞銀髮表報告指,海信家電(00921.HK)(000921.SZ)公佈首九個月初步業績,淨利潤料介乎23.57億至24.66億元人民幣(下同),按年升120%至131%,意味第三季淨利潤爲8.59億至9.68億元,按年升91%至115%,增長顯着好過該行及市場預期的40%至50%升幅,可能受惠於白色家電出口復甦,以及產品組合改善、帶動利潤率擴張。
該行因應第三季初步業績好過預期,將海信家電2023年至2025年盈利預測上調27%至29%,不過空調產品銷售在高基數下,明年增長可能放緩,上調加權平均資本成本預測。A股目標價由28元上調至29.5元,相當於預測今年市盈率14倍,評級「買入」。
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