《大行報告》匯豐研究上調中聯重科(01157.HK)目標價至4.7元 第三季業績勝同業
匯豐研究發表報告指,中聯重科(01157.HK)第三季度除稅後盈利8.15億元人民幣,按年升80%,但按季跌34%;收入114.39億元人民幣,按年升22%,按季則跌16%,季績好壞參半,但好過同業,亦符合該行預期。內地建築機械相關股中,偏好次序依次為高空作業平台、推高機(叉車)、挖土機。
該行指,中聯重科出口保持強勢,第三季海外銷售額增長78%,佔季度總銷售額41%,內地品牌在海外市場具有價格競爭力,公司目標明年出口銷售額達100億元人民幣,相當於按年增長50%,高出該行預期的40%增幅,至於本地市場,估計仍然疲弱,整體毛利率維持穩定。
匯豐研究將中聯重科今年至2025年三年期間的銷售額預測上調1%至5%,H股目標價由4.6元上調至4.7元,維持「買入」評級。
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