《大行報告》大摩:中興(00763.HK)發中期盈喜及毛利率復甦 重申「增持」評級
摩根士丹利發表報告指,中興通訊(00763.HK)發盈喜,預期今年上半年盈利介乎38億至43億元人民幣,按年增長105%至132%,意味第二季盈利介乎16億至21億元人民幣,按年上升50%至97%,集團稱主要由於毛利率持續恢復。
大摩表示,中興盈喜與該行認爲集團可於今年有健康盈利復甦的看法一致,如果集團下半年的經常性盈利與上半年相若,其今年全年盈利料可達68億至78億元人民幣,較該行目前預測的61億元人民幣高11%至27%。由於上半年業績強勁,相信集團下半年業績可有足夠緩衝,即使該行計入5G資本開支延遲方面可能有部分風險。
該行重申對中興H股「增持」評級,目標價32元。
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