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研報掘金丨廣發證券:維持光威復材“增持”評級,下遊需求景氣可期

廣發證券日前研報指出,光威復材全資子公司威海拓展補充簽訂日常經營重大合同,下遊需求景氣可期。本次簽訂合同總金額爲6.58億元,佔公司最近一個會計年度經審計的營業收入的26.86%,合同執行期限至2027年底,合同的履行將對公司營業收入和利潤產生積極影響。看好公司受益於T800H(航空航天等)、MJ(衛星互聯網等)、700S/800S(航空航天等)、風電碳樑(海上風電出海)等多系列產品放量的盈利彈性及中長期民航大飛機、商業航天領域的廣闊成長空間。綜合考慮公司下遊各復材領域景氣度及產業鏈延伸佈局,維持合理價值34.73元/股,對應25年33倍PE,維持“增持”評級。

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