《大行報告》大摩降聯想集團(00992.HK)評級至「與大市同步」 目標價下調至9.7元
摩根士丹利發表報告指,聯想集團(00992.HK)過去五個月股價表現優異,累計上升約27%,對比同期恆指累跌約11%。雖然該行對今年下半年個人電腦(PC)更新周期保持樂觀看法,但預期盈利下滑可能在短期內對聯想集團構成壓力,因此將評級由「增持」下調至「與大市同步」,籲等候更佳切入點。
聯想集團將於2月22日公布截至去年12月底止2024財年第三季業績,大摩預測收入將按年持平達到約152億美元,稅前利潤則料按年跌28%至約4.35億美元,淨利潤則達約3.23億美元,按年跌26%,較市場預期低5%。
該行預期,由於PC需求自去年11月以來持續疲軟,聯想集團截至今年3月底止第四財季或續面臨下行壓力,第四財季收入預測按年增長5%至約133億美元,淨利潤則預期按年增長107%至約2.35億美元,較市場預期的2.86億美元低出約18%。至於全財年,大摩預測收入及純利將分別按年下跌10%及39%,達到558億及9.83億美元。大摩將聯想集團目標價由10元下調至9.7元,並下調2024至2026財年盈利預測,以反映較弱的需求復甦。
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