研報掘金丨東方證券:維持北摩高科“買入”評級,目標價29.28元
東方證券研報指出,北摩高科起落架市場持續開拓,25年將實現多型飛機起落架小批產交付。子公司天津全順金屬的軍民兩用大型飛機起落架的表面處理生產線已正式投產使用,能夠滿足大型軍民機的起落架科研、生產和維修項目的表面處理工藝。起落架着陸系統單機價值較高,認爲隨着審查與試飛驗證通過、生產線投產使用,起落架業務有望成爲公司重要的盈利的增長點。未來將持續開拓更多種類的民航客戶,加快打造航空產品增長第二曲線。根據行業需求情況下調營收與毛利率,調整25、26年EPS爲0.61、0.82元(前值爲1.07、1.27元),新增27年EPS爲1.06元。參考可比公司25年估值水平,對應25年48倍PE,目標價29.28元,維持“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.