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大行評級|瑞銀:上調裕元集團目標價至22.65港元 季績強勁訂單展望正面
瑞銀髮表研報指,裕元集團今年首九個月營收按年升1%至60.75億美元;歸屬淨利潤按年升141%至3.32億美元,與早前發佈的盈喜中預期淨利潤按年升140%至145%一致。這意味裕元第三季業績強勁,收入及純利按年分別升12%及172%,至各20.6億美元及1.47億美元。考慮大促期間其線上銷售佔比較大,該行預計裕元第四季度將出現更大的折扣風險,並指管理層將清理庫存為下一年推出的新產品做好準備。不過其訂單展望正面。另外,瑞銀將裕元2024至2026財年每股盈利預測上調7%至8%,並對其代工生產(OEM)訂單恢復及效率改善保持樂觀,股息收益率預計約7%。瑞銀將裕元目標價由20.9港元上調至22.65港元,給予“買入”評級。
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