招商证券:升敏实集团(00425)目标价至42港元 短期警惕获利回吐风险

智通财经网
Aug 29

智通财经APP获悉,招商证券发布研报称,敏实集团(00425)上半年净利润12.8亿元人民币(下同),同比增长19.5%,按季增长2%,符合市场预期,但高于该行预期,业绩受惠于降本增效及规模效应。公司亦长线布局人形机器人、低空经济、AI液冷等前景广阔的新赛道。报告指,考虑降本能力突出,上调2025-2027财年净利润预测4%、3%及3%,估值基期切换至2026财年,目标价上调至42港元,相当于14倍2026财年 市盈率 ,估值为公司历史平均估值。自该行第一季报告提示切换新赛道加速价值重估之后,股价已近翻倍,短期警惕获利回吐风险。

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