研報掘金丨東吳證券:首予良信股份“買入”評級,目標價10.2元
東吳證券研報指出,良信股份深耕低壓電器20餘載,轉型智能配電解決方案提供商。24年受地產下遊疲弱+市場&研發高投入影響,營收&利潤同比-8%/-39%,隨着AIDC需求放量+地產降幅收窄,預計公司24-27年營收CAGR有望達到20-30%。公司是國內低壓電器的領軍企業,佈局“兩智一新”實現轉型發展,海鹽工廠投運提高公司生產經營效率,前瞻佈局AIDC領域,數據中心直流化趨勢明確,公司直流產品序列齊全,攜手華爲、維諦技術等頭部系統解決方案公司推進低壓電器國產化替代,打開公司遠期成長空間。給予公司25年25xPE,對應目標價10.2元/股,首次覆蓋,給予“買入”評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.