大行评级丨麦格理:创科实业上半年业绩胜预期,目标价升至157港元

中金财经
Aug 06

  麦格理发表报告指,创科实业上半年收入同比增长6%至82.92亿美元,略超该行及市场预期介乎0.6%至0.7%;纯利同比增长17.5%至7.38亿美元,较该行及市场预期各高出3%;毛利率同比扩张2.6个百分点至42.9%,较该行预期高出1.8个百分点,主要受关税缓解措施持续、产品及地区组合有利,以及生产效率持续提升所带动。公司重申核心业务收入展望,并对达成或超越2027年10%的经营利润率目标更具信心。考虑到上半年业绩优于预期及对终端市场前景更趋正面,麦格理上调创科2026及2027年纯利预测分别1%及2%,目标价由154港元上调2%至157港元,相当于2027年预测市盈率20倍,维持“跑赢大市”评级。   

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