投資概要
天能動力2019年收入和淨利分別同比增長17%和42%，唯毛利率有小幅下落。我們認爲目前市場或過度悲觀，公司目前估值位于十年低點附近，我們認爲當前對應的估值未反映公司在鉛酸電池市場的龍頭地位和業績穩定增長的預期，綜合考慮，我們調整目標價至8.51港元，維持買入評級。
Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.
