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《大行報告》野村上調中興(00763.HK)目標價至29元 評級「買入」
阿思達克 07-13 11:00
野村發表報告,指中興(00763.HK)公佈了積極的盈利預喜,預計2021年上半年淨利潤爲38億元至43億元人民幣,按年增長105%至132%。如果不計入第一季的80億元人民幣投資收益,意味着公司第二季的盈利按年增長52%至98%,該行認爲中興將盈利的強勁增長應歸功於收入的健康增長和毛利率的持續上升。

野村指,誠如其一直強調,由於有效的成本控制,中興在提高毛利率方面取得了穩步進展,而且其在非無線設備市場,如寬帶、企業市場等的擴張已經開始見效。該行認爲,在潛在的市場份額提升和成本效率的帶動下,中興通訊應該能夠保持健康的收入和盈利增長勢頭,該行上調對中興2021年至2022年的盈利預測1%至12%,並維持「買入」評級,調高目標價由24元升至29元,相當預測2022年市盈15倍。

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