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交銀國際:維持聯想集團(0992.HK)“買入”評級 目標價5.8港元
格隆匯 04-08 16:41

交銀國際發表研究報告指,聯想集團(0992.HK)近期前景弱於預期,3月止季度(即2020財年第四季度)因集團的收入規模下降,利潤將受到抑制,將2020及2021財年每股盈利預測分別下調5%及16%。該行將目標價由7.5港元調低22.67%至5.8港元,維持“買入”評級。

該行指出,集團智能手機業務方面,其武漢工廠延遲復工導致近期出貨量較低;而個人電腦(PC)業務則面對消費端需求疲弱,雖然商用PC業務保持良好,但不足以抵銷消費端的下降;數據中心業務(DCG)方面,認為雲計算快速增長刺激了數據中心服務器的出貨量,但企業業務訂單遭延遲,可能會不利於近期的產品結構。

該行續指,鑑於新冠病毒全球肆虐,預計需求放緩將在6月止季度(即2021財年第一季)延續。

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