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美銀美林:聯想(0992.HK)估值吸引 可受惠商用電腦需求強
格隆匯 10-03 11:03

美銀美林發表報告表示,重申對聯想集團(00992.HK)“買入”投資評級,目標價8港元(潛在升幅53%),指其現估值吸引,僅相當於預測2020財年市盈率8.4倍,對比個人電腦/伺服器行業同業的約11倍。報告料其2020至2022財年間每股盈利複合年均增長達15%。

該行指,商用個人電腦市場持續強勁,聯想集團個人電腦約42%至45%升級搭載Win 10作業系統,升級趨勢料未來數季持續,受惠商用電腦需求強勁,相信公司可提升在中小企市場份額;並料未來輕薄及主攻遊戲的個人電腦市場會迎來更多機會。聯想集團旗下智能手機在北美市場持續強勢。

美銀美林估計伺服器市場正在復甦,料明年全球數據中心資本開支會按年升15%,料聯想集團可受惠市場復甦及贏得新客户。

就市場關注中美貿易潛在影響,該行指聯想集團目標今年底透過墨西哥廠房應付美國市場70%需求,餘下需求會在越南、馬來西亞廠房應付。

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