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《大行報告》美銀證券升中聯重科(01157.HK)目標價至5.8元 銷售目標進取
美銀證券發表報告指出,中聯重科(01157.HK)的A股及H股年初至今分別上升22%及18%,或是由於公司今年銷售目標進取推動,目標收入增長50%,出口增長100%;今年1月機械利用率小時有所改善;公司在今年初錄得強勁的出口新訂單,超過50億元人民幣,相對於去年首季為33億元人民幣,為其今年上半年收入帶來穩健的基礎。 此外,該行認為中聯重科的毛利將進一步改善,主要因為高利潤出口業務的銷售份額增加,導致今明兩年的每股盈利預測增長36%及22%。至於公司進取的分銷網絡擴張、低基數效應、新產品的推廣及高空作業平台(AWP),加上中東、東南亞、美洲和非洲等地的需求暢旺,將支持其拓展海外市場。 該行將中聯重科的今明兩年每股盈利預測上調7%及14%,較市場預期各高出5%。目標價由4.9元上調至5.8元,重申「買入」評級。
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