大行評級|招銀國際:下調鴻騰精密目標價至3.86港元 長期入市點已出現
招銀國際發表研究報告指,鴻騰精密去年收入增長6%,大致符合預期,而純利增長按年19%則差過市場及該行預期,主要因爲較高的經營支出及一次性支出。展望今年,該行相信管理層的指引穩固,收入增長料錄低雙位數,毛利增長料約17%至19%,以及經營利潤率料5%。據與公司會面後,該行相信訂單展望及獲得項目仍然在軌道上,加上過去一個月股價調整了25%(同期恆指升4%),認爲長期入市點已出現。該行維持予其評級“買入”,將目標價由4.79港元降至3.86港元。該行將今明兩年的每股盈利預測分別下調19%及10%,以反映今年指引及市場情況。未來催化劑包括英偉達GTC活動、AirPods發佈,以及GB200/GB300進展。
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