研報掘金丨民生證券:維持滬電股份“推薦”評級,產能擴張加速,彰顯發展信心
民生證券研報指出,滬電股份產能擴張加速,彰顯發展信心。崑山+黃石+泰國三地投資,有利於公司化解產能短板,有力保障業績釋放,彰顯公司對於未來發展的信心。隨着公司產能瓶頸不斷改善,上修公司25/26/27年實現歸母淨利潤至36.91/50.90/63.34億元,對應當前股價PE分別爲25/18/15倍。看好公司在GPU、ASIC、交換機等數通領域PCB的製造能力和客戶資源壁壘,公司將持續受益於AI帶來的高速PCB需求,維持“推薦”評級。
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