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野村耐世特(1316.HK)中美业务前景存暗涌大削目标价37%
格隆汇 08-14 14:00

野村发表研究报告指,耐世特(1316.HK)上半年淨利润按年下跌34%,表现远逊预期20%的淨利润下跌,该行大削其目标价37%至7.2港元,并维持其“中性”投资评级。

为了反映耐世特中期业绩表现,野村已下调其2019及2020财年收入平均11%及每年下调其毛利率2个百分点,因此纯利预测亦下降30%及32%。现时估计2020财年的淨利润将与本财年相若。

野村又指,耐世特在北美地区的表现没有惊喜,加上中国的表现正处于下行,料本财年的中国收入将下跌20%。而美国市场进入停滞阶段,该行维持北美及墨西哥在2019-2020财年收入分别下跌4%及增长1%的预测不变。

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