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《大行報告》匯豐研究微升聯想集團(00992.HK)目標價至11.7元 業績勝預期
匯豐環球研究發表報告指出,聯想集團(00992.HK)公布去年12月底止2024財年第三財季業績勝預期,期內毛利率16.5%,較該行及市場預期的16.9%與17.4%為低,營運槓桿改善下,營運開支低過預期。公司的經營利潤率超過該行及市場預期。每股盈利約2.8美仙,較該行及市場預期高出14%與17%。 該行將聯想集團2025財年每股盈利預測上調2%,以反映PC和伺服器盈利能力的復甦。另對其2025財年每股盈利預測較市場預期高出21%。該行料公司2024至2026財年的盈利平均複合增長率為45%。對其目標價由11.4元上調至11.7元,維持「買入」評級,認為公司個人電腦產品組合及伺服器業務需求復甦,經營利潤率將持續改善。
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