You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》交銀國際上調申洲(02313.HK)目標價至95.5元 評級「買入」
交銀國際發表研究報告指出,申洲(02313.HK)上半年銷售及淨利潤按年各下降15%及10%,由於客戶去庫存造成影響。毛利率基本持平。經營去槓桿化導致經營利潤率下降40個基點,而稅率降低5個百分點導致淨利率上升100個基點至18.4%。 該行稱,申洲第一季及第二季銷售按年下降18%及11%,第三季按年持平,第四季訂單預計將增長低雙位數。大多數客戶完成去庫存是一個積極因素,因為訂單趨勢與零售銷售趨勢重新一致,而零售銷售趨勢又取決於全球宏觀經濟環境。 此外,該行認為申洲毛利率從首季的20%提高到第二季的24%,並且隨著今年下半年利用率的上升,毛利率有望繼續改善。該行重申對其「買入」評級,隨著訂單恢復,該行預計投資者對申洲的情緒將會改善,將目標價上調至95.5元。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account