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大和升富智康(2038.HK)评级至“跑赢大市”目标价上调至1.18港元
格隆汇 07-31 13:19

大和发表研究报告指,富智康(02038.HK)缩减其诺基亚业务的决定正确,故料最坏情况或已过去,预料其2019年净亏损9,400万美元,而2020年将会是扭亏为盈的一年,料纯利录8,500万美元,加上估值亦吸引,故将评级由“持有”升至“跑赢大市”,目标价由1.06港元上调至1.18港元。

该行指,富智康产品组合改善及节省成本,预料其今年下半年毛利率大幅改善至1.6%,对上年度同期录毛损率0.6%,而净亏损亦料由5.08亿美元大幅降至1,200万美元。另一方面,估计富智康明年在印度将夺得更多外壳及零部件订单等正面因素,故预料其将於2020至2021年转盈,录得纯利8,500万美元至1亿美元。

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