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美銀美林:下調聯想集團(0992.HK)目標價至7.5港元 評級“買入”
格隆匯 11-11 11:18
美銀髮表報告下調聯想集團(0992.HK) 目標價,由8港元降至7.5港元,維持“ 買入 ”評級。該行亦下調對公司2020財年及2021財年盈利預測5%及4%,以反映伺服器業務短期困難。該行指,公司繼續顯示其個人電腦業務的強勁執行力,維持全球市佔第一及在第二財季錄得破紀錄付運量,該行仍對該業務有信心;移動業務税前溢利率亦在第二財季進一步改善,在拉丁美洲及北美洲更超過5%。
伺服器業務動力仍然緩慢,季度銷售按年跌14%,主要受大客户押後訂單影響。管理層預期業務於2021財年在贏取新客户後恢復增長。該行亦指,企業伺服器受中國需求上升而表現強勁,來自華為及戴爾的競爭減少有助聯想集團未來相關業務。

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