研報掘金丨海通證券:維持海信視像“優於大市”評級,未來有望持續挖掘市場份額與盈利空間
海通證券研報指出,23年海信視像(600060.SH)智慧終端顯示業務保持穩健增長,新顯示新業務打開第二增長曲線。短期看,大型體育賽事如奧運會、歐洲盃等有望促進終端電視需求回暖,需求端復甦有望給予供給端積極信號,預計面板成本在24H1過後或會有逐步改善的跡象;長期看,公司1+(4+N)大顯示產業佈局與混改變革,終端市場產品融合ULEDX、Mini LED等新興顯示技術的結構優化,從產業佈局到產品升級自上而下構築了海信品牌護城河,公司未來有望持續挖掘市場份額與盈利空間。預計公司2024年實現淨利潤23.5億元,目前股價對應公司15倍PE估值,目標估值15-18倍,對應合理價值區間27.0元-32.40元,維持“優於大市”評級。
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