创科实业(00669)涨3.4% 摩通指其仍属优质的复合型增长股

金吾财讯
3 hours ago

金吾财讯 | 创科实业(00669)股价逆市有支撑,截至发稿,报130.7港元,涨3.4%,成交额7亿港元。消息面上,摩根大通研报指,引述公司管理层的业务更新指出,前行政总裁Joe Galli 离任后所采取的纠正措施已大致完成,公司业务在2027年及其后时期将处于更有利的位置。摩根大通认为,公司旗下Ryobi的消费性产品平台在家得宝(HD)、欧洲市场及更广泛的产品线均展现强劲动能。而Milwaukee的垂直领域策略正于全球范围内取得成效,并采取因地制宜的市场策略。该行指,尽管面临高且持续升温的宏观不确定性,包括加息周期、运输/能源成本上涨,对AI资本支出放缓与数据中心扩建放缓的担忧,该公司仍维持2026年度全年财测。成本环境亦尚在可控范围内,无需调升价格,且关税退税措施可带来潜在上行空间。虽然管理层未有提供2026年后的具体数字指引,管理层对2027年的展望仍充满信心,Milwaukee有望实现显著的绝对增长。当中AI数据中心、芯片制造及公用事业仍为关键增长动能。该行维持179港元目标价,评级“增持”。在宏观不确定性加剧下,摩根大通称,创科仍属优质的复合型增长股;因盈利与现金流的强劲增长,将该股票列为工业股首选之一。

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