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《大行》摩通升速騰聚創(02498.HK)目標價至28.6元 維持「中性」評級
阿思達克 06-10 10:10
摩通發表報告指,對速騰聚創(02498.HK)基本面看法小幅趨向正面,基於機器人分部業務的大幅增長和毛利率改善。同時對ADAS LiDAR在中國的滲透率較為樂觀,即使是低價車款,也逐漸將其應用為標準配置,但由於不確定的市場份額動態和混合銷售均價的下降,料ADAS LiDAR收入增長將放緩。 摩通預測速騰聚創2024至2027年的銷售額年複合增長率為35%,並預期2026年扭虧錄淨利潤達1.09億人民幣,即於2025年度第四季達到季度盈虧平衡。目標價由24元升至28.6元。維持「中性」評級。
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