大行評級|摩根大通:SWK和牧田季績顯示需求復甦擴大 維持創科實業“增持”評級
摩根大通發表報吿指出,Stanley Black and Decker第二季業績,與牧田(Makita)2025財年首季業績均勝預期,對創科實業帶來正面影響。SWK與牧田季度業績主要受惠於終端需求改善下,成本降低與庫存合理化推動經營利潤率上升;SWK將2024財年每股盈利指引上調約6%,顯示其對盈利前景信心增強;牧田首財季盈利達到全年目標的約28%,指引具上行空間;分析師簡報顯示需求前景正面。該行認為,SWK和牧田季度盈利勝預期顯示需求復甦擴大。
而創科將於8月6日披露上半年業績,該行料其盈利按年增長15%,大致符合市場預期。該行亦看好公司強勁的自由現金流及穩健的資產負債表,支持公司持續投資於未來的重型/無線電/AI動力產品。該行維持對創科的“增持”評級,目標價為126港元。
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