《大行報告》華泰證券下調中興(00763.HK)目標價至27.88元 第三季業績穩健增長
華泰證券發表報告指,中興通訊(00763.HK)第三季度收入按年跌12%至287億元人民幣,歸母淨利潤按年升5%至24億元人民幣。收入受壓主要因爲部分產品收入確認的進度、以及下遊市場需求短期波動影響,在公司推動高效益的營運下,首三季淨利潤仍然保持穩定增長,維持「買入」評級,目標價由30.55元下調至27.88元。
首三季度毛利率43.67%,按年升6.25個百分點,該行認爲是因爲收入結構優化,持續推動降本增效。期內,營運商業務保持市場領導地位,在5G領域技術成熟。消費者業務則持續發展移動影像、遊戲電競等領域,把握數字經濟及AI發展機遇。
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