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花旗:予聯想集團(0992.HK)“買入”評級 目標價7.1港元
格隆匯 11-08 11:49
花旗發表研究報告指,聯想集團(0992.HK) 2020年度第二季業績勝預期,因個人電腦及智能設備(PCSD)和移動業務(MBG)利潤率強勁,不過數據中心業務集團(DCG)仍然疲弱。但公司第三季指引反映個人電腦及智能電話的盈利能力穩健,下半年DCG勢頭亦相對上半年見改善。
報告指,由於投資者關注其DCG增長前景,聯想股價自8月中開始已見調整。但管理層的指引意味着正面勢頭獲新客户增加所支持,因此認為有助緩解市場憂慮。不過,為了反映DCG增長勢頭減慢及融資成本增加,花旗將聯想2020年、2021年及2022年度盈利預測分別調低2%、4%及4%,分別為7.84億美元、10.3億美元及11.3億美元,並將目標價由7.8港元下調至7.1港元,評級“ 買入 ”。

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