摩通:创科(0669.HK)管理层指引显示可领跑同业 指现属良好介入点
摩根大通发表报告表示,就创科(0669.HK)上月底公布最新营运指引,指旗下供应链、产品发展及销售仅受到疫情的轻微影响,确定会如期推出新产品,并指公司资产负债表仍然强劲,公司会在固定及营运上的资本开支保持高纪律,该行认为创科管理层描绘一幅良好的愿景图像予投资者,指最新管理层指引显示可领跑同业。
该行指,创科近两个月股价已累跌16%,对比MSCI中国指数同期累跌5%,认为目前是对创科的良好介入点,指现估值仅相当明年市盈率16倍,予其增持投资评级及目标价78港元,此按现金流折现率作估值,亦相当预测明年市盈率22倍。
摩通估计,创科旗下Milwaukee业务可藉推出MX Fuel设备产品系列,于今年提升市场份额。

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