研報掘金丨上海證券:伯特利業績將進入高速增長新階段,首予“買入”評級
上海證券研報指出,伯特利(603596.SH)爲國內汽車制動龍頭,積極拓展產品領域,業績穩步增長。公司輕量化產品矩陣完善,生產工藝領先。墨西哥工廠二期建設穩步推進,後續投產有望進一步打開國際市場;智能電控產品多點開花。電子駐車制動(EPB)有望通過國產替代實現份額提升。線控制動(WCBS)One-Box 產品性能與國際廠商處同一水平,WCBS2.0、EMB 研發進展順利。公司推進線控制動產能建設,有望加快市場擴張步伐。線控轉向系統(SBW)納入中期技術規劃;客戶資源優質,以自主品牌爲代表的終端客戶銷量增長有望帶動公司產品放量。該行認爲,公司業績將進入高速增長新階段。首次覆蓋,給予“買入”評級。
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