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德昌(00179.HK)續漲13%突破牛熊線 中期多賺近16%獲瑞信升價至19.63元
阿思達克 11-07 14:16

德昌電機(00179.HK)中期多賺近16%後獲瑞信看好,該股承過去四天穩步上揚勢,今天進一步突破牛熊線(16.35元),最高見16.88元,創近四個月高,現造16.62元,急漲13%,成交倍增至440萬股,涉資7,234萬元。

德昌昨天收市公布,截至9月底止中期純利按年升15.5%至1.62億美元,每股盈利18.48美仙,中期股息按年維持17港仙;期內營業額按年減少6.7%至15.65億美元;整體毛利率按年降1個百分點至22.8%,但較今年上半年毛利率提高0.8個百分點。若不計重大非現金和策略一次性物業出售項目淨影響,德昌中期基本盈利按年跌16%至1.06億美元。

瑞信指,德昌中期純利優於市場預期,毛利率較上半年增加0.8個百分點令人驚喜。該行展望下半年,德昌汽車產品分部可持續改善,因環球產量復甦特別是內地,以及電動油泵訂單第三季開始送付。若貿易戰或英國脫歐有任何緩解跡象,相信其工業產品分部將可走出谷底。瑞信將德昌未來三個財年每股盈測調高2%-28%至分別為32美仙/27美仙/27美仙,以反映一次性出售收益及毛利率增加預測,目標價上調6.5%至19.63元,評級由「中性」升至「跑贏大市」。

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