大行評級丨美銀:下調中興通訊目標價至28港元 重申“買入”評級
美銀證券發表研報指,中興通訊首季度財報大致符合該行及市場預期。銷售額表現強勁,分別較該行及市場預期高11%及8%;毛利率按年下降7.8個百分點至34.3%,分別落後該行及市場預期5.3及3.5個百分點;營運收入則較該行及市場預期分別低21%及13%。
美銀將中興通訊2025至2027財年銷售預測上調6%至11%,但因毛利率稀釋,下調利潤預測9%至12%。相應地,該行將中興通訊H股目標價由32港元下調至28港元,重申“買入”評級。
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