摩根士丹利发表报告指，创科(00669.HK) 预计今年销售额将实现中到高单位数增长，其中Milwaukee继续以双位数增长，Ryobi则实现单位数增长。公司对欧洲市场增长潜力亦持乐观态度，目标实现持续双位数增长。该行预计公司今年销售按年升8%，其中电力设备业务增长9%，而地板护理业务增长持平。
该行又指，公司去年毛利率按年加速扩大85个基点(相比2019年至2023年每年45个基点)，得益于良好产品组合、营运效率及原材料因素。基于Milwaukee销售比例增加和售后市场电池销售上升利好，公司计划继续扩大毛利率。该行料公司今年毛利率和营运利润率将分别扩大至40.8%及9.1%，按年扩大51及56个基点，净利润在2025年至2027年期间的年复合增长率为19%。
该行指，创科今年股价表现落后，反映市场对科技股的更好情绪，认为是好的买入点，因该股目前仅为预测市盈率19.1倍。该行予创科“增持”评级，目标价由116元上调至124元。(fc/u)(港股报价延迟最少十五分钟。沽空资料截至 2025-03-05 16:25。)
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