大行評級|美銀:下調耐世特目標價至2.9港元 重申“跑輸大市”評級
美銀證券發表研究報吿指,耐世特上半年收入大致平穩,毛利率達10%,略高於該行預測的9.5%;經營利潤按年降12%至4100萬美元,遜於預期33%。美銀證券引述耐世特的管理層指,全球汽車產量預測正在下降,目前預計今年全球汽車產量將降2%,而耐世特的表現可能領先市場300個基點。就全年而言,集團仍預計EBITDA利潤率將回復至雙位數水平。
該行將集團2024至26年的收入預測分別下調4%、6%及7%,盈利分別下調41%、1%和9%。鑑於盈利預測下降及預計盈利復甦持續落後於預期,目標價由3.3港元下調至2.9港元,重申“跑輸大市”評級。
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