《大行報告》花旗上調耐世特(01316.HK)目標價至4.7元 評級「中性」
花旗報告指出,與耐世特(01316.HK)管理層進行電話會議後,得悉2023財年收入目標40億美元不變,及管理層預計EBITDA利潤率按年稍有改善,表現好過該行預期。美國汽車工人聯合會(UAW)罷工導致公司下半年收入損失5,500萬美元,不算太嚴重。公司於第三季獲得15億美元與汽車電動助力轉向(EPS)相關的新訂單,主要是來自美國最大電動車OEM客戶,這是投資者一直高度期待。此外,管理層預期在2027年前,線控轉向收入貢獻佔比較小。
基於管理層的新指引及將2023/24/25年盈測上調至8,700萬美元、1.58億美元及2億美元(原預期4,700萬美元、1.29億美元及1.8億美元),目標價相應由4元上調至4.7元,評級「中性」。
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