研報掘金丨國盛證券:首予佰奧智能“買入”評級,彈藥產業鏈核心卡位
國盛證券研報指出,佰奧智能爲火工品智能設備製造商,彈藥產業鏈核心卡位。軍用火工品賽道迎來高景氣發展階段,設備端景氣度尤爲突出,公司依託民品領域累積的行業經驗及技術研發優勢於2024年獲得8.19億元火工品設備大訂單,未來導彈、彈藥、航彈、遠火等方向智能裝備需求放量後將爲公司帶來更大市場空間。該行預計公司2025~2027年歸母淨利潤分別爲1.31、1.96、2.5億元,對應PE分別爲28X、19X、15X,首次覆蓋,給予“買入”評級。
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