大行評級|大摩:上調康龍化成目標價至24.2港元 第三季業績顯示公司正加快復甦
摩根士丹利發表研究報吿指,康龍化成第三季業績顯示公司正加快復甦,第三季收入錄得32億元,按年增長10%,較次季的按年增長1%顯著改善,毛利率按年提升0.8個百分點,主要受惠於實驗室及CMC服務的盈利能力改善。經調整淨利潤按年跌13.2%至4.17億元,則符合該行預期。管理層宣佈將今年下半年收入增長目標調整為按年增長10%,並預期明年增幅相若,首三季積壓訂單按年增長18%,亦反映第三季復甦步伐加快。
大摩預期康龍化成未來幾個季度的盈利增長將轉正,積壓訂單及收入增長持續改善可為明年的雙位數增長鋪路,重申H股“增持”評級,目標價由15.7港元上調至24.2港元。
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