麦格理:维持裕元集团(00551)“跑赢大市”评级 目标价上调至20.9港元

智通财经
Nov 13, 2024

智通财经APP获悉,麦格理发布研究报告称,将裕元集团(00551)2024及2025财年每股盈利预测,分别上调18%及17%,同时将其目标价由17.2港元上调至20.9港元,维持“跑赢大市”评级。

报告中称,公司管理层将2024财年销售增长预测,由同比低双位数增长上调至16%,预计将由高于90%的产能利用率推动;平均售价则预计同比录中单位数下跌。裕元管理层对明年首季度前景持乐观态度,主要由于大量品牌的订单出现增长,并料其主要客户订单在2025财年将大致稳定。

该行预计,公司明年第二季度的增长将由印尼产能扩张所推动,同时估计2025财年其制造业经营利润率将为7%,主要由于持续的费用控制部分缓解新产能增长的负面影响。

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