大行評級|美銀:微降福耀玻璃目標價至62港元 下調今年銷售及盈利預測
美銀證券發表研究報告,指福耀玻璃去年末季業績遜預期,收入按年升17%,但遜該行預期6%。季度毛利率按年跌4.4個百分點至32.1%,主要是因爲會計準則改變。純利按年升34%,但遜該行預期3%。該行提及,市場所關注的公司對平均售價指引維持每年增6%至7%,管理層料內地今年汽車銷量增長3%,全球銷量期內錄得輕微增幅。
該行將公司今年的交貨量及銷售預測各下調2%,以及今年盈利預測下調3%,認爲今年是轉型之年,銷量增長會較輕微,明年的銷量料重新加快,因爲巨大的產能開始投產。該行調整今明兩年每股盈測至分別3.21元及3.78元,並引入2027年每股盈測2.68元。該行對其H股目標價由62.1港元微降至62港元,重申“買入”評級。
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