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研報掘金丨長江證券:傳音控股有望實現超越行業的增速水平,維持“買入”評級

長江證券研報指出,傳音控股(688036.SH)在新興市場構築了堅實的經營壁壘,且競爭格局清晰,智能手機的銷售仍然有着較大的增長空間,隨着市場的復甦,公司也有望實現超越行業的增速水平。長期來看,傳音為硬件+互聯網雙龍頭,有望在OS變現的基礎上,開拓更深層級的內容端多樣化變現。而公司共創共享+Glocal的軟實力將助力公司維持長期的高成長性。預計2024-2026年實現歸母淨利潤57.3億元、71.9億元、84.8億元,對應當前股價的PE分別為17x、13x、11x,維持“買入”評級。

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