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《大行》中金降聯想集團(00992.HK)目標價至13.4元 維持「跑贏大市」評級
阿思達克 05-26 10:39
中金發表報告指,聯想集團(00992.HK)2025財年收入按年增長21.5%至690.8億美元,純利按年增長37%至13.8億美元,non-HKFRS純利按年增長35.9%至14.41億美元。 報告指,於2025年第四財季,收入按年上升22.8%至169.8億美元,純利按年下跌63.7%至9,000萬美元,主要由於與認股權證相關的衍生金融負債公允值虧損1.18億美元,低於該行預期。non-HKFRS純利按年上升25.1%至2.78億美元,符合該行預期。由於關稅調整影響有限,該行審慎下調2026及2027財年non-HKFRS準則純利預測2.6%及7.8%至16.5億美元及19.1億美元。 報告指,該股現時的市盈率為2026財年9.3倍及2027財年8.1倍。維持「跑贏大市」評級,根據13倍2026財年市盈率計算,將目標價調低3%至13.4港元。
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