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《大行》花旗升德昌(00179.HK)目標價至23.5元 全年業績勝預期
阿思達克 05-29 10:54
花旗發表研究報告指,德昌電機控股(00179.HK)今年3月底止2025財年業績勝預期,因此將其2026財年盈測上調2%,以預測2026財年市盈率10倍維持不變計,目標價相應由22元升至23.5元,予「買入」評級。 報告提到,德昌認為美國關稅方面的影響可控,其對美國銷售僅佔集團銷售中單位數百分比。該行預計關稅影響下價格折扣會略高於預期,導致利潤率收縮,預測2026財年營收及淨利潤將分別上升6%和3%。該行預期集團毛利率將由2025財年的23.1%,溫和收縮至2026財年料約22.9%。
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