《大行報告》匯豐研究下調偉易達(00303.HK)目標價至57元 評級「持有」
匯豐研究發表研究報告指出,偉易達集團(00303.HK)面臨運輸擠塞及原材料短缺的問題,而該公司發盈警更支持該行對其供應鏈幹擾影響的看法,雖然維持「持有」評級,但目標價由81元下調至57元。
該行指出,偉易達有兩個不利因素短期內難以緩解,首先是運費上漲和發貨延遲,根據上海航運交易所,中國集裝箱運價指數在今年第二季按年增長約2倍,該行估計運費將保持不變或進一步飆升,預期供應鏈堵塞問題將持續至2022年。其次是對於公司最重要的組件半導體,中國與美國政府雖然已開始着手解決半導體短缺問題,興建新工廠以逐漸增加產能,但該行預期,有關問題不會在2022財年下半年立即得到緩解。
偉易達早前發盈警,預期截至9月底止中期純利將按年下跌35%至40%,純利下跌主要由於成本大幅上升及電子學習產品和電訊產品銷售下跌。
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