《大行報告》摩通上調創科(00669.HK)目標價至96元 評級「增持」
摩根大通發表報告指,投資者正對全球的電動工具行業重新評估,以反映市場增長前景。透過家得寶(HD.US)的季績,確認市場對於專業工具的需求穩定,消費產品去庫存的壓力緩和。美國的數據反映通脹壓力緩和,之前幾季對於需求放緩的憂慮消退,焦點重返基本因素。
因應市場環境最新轉變,該行維持創科(00669.HK)今年預測不變,但明年至2025年的稅後盈利預測,則上調4%,目標價由80元上調至96元,此按現金流折現率作估值,維持「增持」評級。
摩通指,市場對專業工具產品的需求仍然健康,對創科旗下品牌Milwaukee的業務有利,預期該業務今年下半年及明年有更理想增長。
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