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研報掘金丨海通國際:維持美的集團“優於大市”評級,目標價89.76元
格隆匯 06-23 17:18

海通國際研報指出,業績保持優異表現,回購彰顯未來信心。按50億-100億的回購金額測算,在回顧股份價格不超過100元/股條件下,預計回購數量佔公司發行總股本比重約為0.65%-1.30%。公司作為家電品牌+智造龍頭企業,C端業務成長依舊,B端業務持續孵化。2025年中國市場方面繼續受益於國補政策下的需求提振,海外市場方面整體業務規模繼續上行,且全球產能佈局下可靈活應對可能存在的關税衝擊影響。給予公司25年16xPE估值,對應目標價89.76元(原為85.92元,2024年16xPE估值),維持“優於大市”評級。

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