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研報掘金|招商證券:上調敏實集團目標價至34港元 切入人形機器人新賽道
格隆匯 02-25 10:25

招商證券發表報吿指,根據敏實集團管理層,公司已經開始全面佈局新型業務賽道,在人形機器人方面,公司切入人形機器人產業鏈,在結構件、關節、智能皮膚、面罩等業務獲得突破,肢體結構件已有60-70套送樣,關節處於打樣階段,智能表面機電子皮膚處於做方案階段。低空VTOL(垂直起降)飛行器產品方面,產品有機身、艙門系統,已有多個客户,價值量大。另外,董事長秦榮華董事長投資馬斯克成立的人工智能公司xAI約1000萬美元。公司亦成立敏實研究院,以此聚焦新賽道發展。

招商證券維持敏實2024至2026財年淨利潤預測不變,目標價由21港元上調至34港元,相當於14倍2025財年市盈率,給予公司歷史平均估值,而此前因取消分紅以及潛在美國貿易保護政策影響被嚴重低估。

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