《大行报告》摩通:申洲(02313.HK)中期纯利及收入均胜预期 受惠毛利率
摩根大通发表报告表示,申洲国际(02313.HK)今年上半年销售按年持平,优於该行原预期按年跌2%,纯利按年升4%,亦优於该行原预期按年下滑7%,主要受惠代工产品销售增长、来自欧洲的体育用品需求、日本对女性贴身衣需求回升、及口罩生产等,期内毛利率30.9%亦优预期(该行原料30.4%),每股派中期息0.9元,相当派息比率49%,按年持平。
该行指,将参与申洲国际分析员会议,将关注公司今年下半年订单复苏趋势、下半年生产线的使用率情况、今年来自主要客户订单增长、毛利率及营业费用趋势等,该行予申洲「中性」评级及目标价91元。
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