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中金:維持比亞迪電子(0285.HK)“跑贏行業”評級 上調目標價至17港元
格隆匯 11-06 16:38

中金髮布報告稱,比亞迪電子(00285.HK)公佈2019年三季度業績顯示收入同比增長51%。增長主要來自組裝收入提升;淨利潤同比下降32%,環比增長241%,説明華為的影響在減弱;毛利率環比增長1.5個百分點至7%,該行認為,主要受金屬機殼產品推動。

比亞迪電子認為,5G升級帶動產品單價提升將利好結構件業務,例如超薄金屬中框、超曲面3D玻璃機殼和新5G天線設計,預計在四季度後會有顯著貢獻。新智能產品和汽車業務板塊均保持穩健發展,其公司同新智能產品領域的艾羅伯特、商米科技、英偉達以及汽車產品領域的大陸、哈曼等客户保持着良好關係。

新業務進展分別是:華為通信設備組裝,匈牙利廠區已實現量產,深圳廠區已完成生產線組裝;A客户產品:1條生產線已實現量產,公司計劃在明年年底前將生產線增至8條。

該行表示,維持“跑贏行業”評級,上調目標價至17港元。

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