因此，花旗减对伟易达销售额预期，但上调对该公司毛利预期。维持对该公司2025-2027年的盈利预测，预计2025财年股息收益率约为10%，因此维持买入评级。花旗は、Gigasetの初回売上高が、偉易達全体の売上高の約4%を占めると予想しています。
Smart Finance app learned that Citigroup released a research report stating that it maintains a target price of 65 Hong Kong dollars for VTech (00303) and a "buy" rating. The company's revenue for the first half of 2025 to the end of September decreased by 4.5%, while net profit decreased by 6.6% to 87.4 million US dollars.
The report states that the company's revenue fell below expectations mainly due to adjustments in the sales of the acquired company Gigaset. The bank expects that Gigaset's first contribution to revenue will account for approximately 4% of VTech's total sales. Management has indicated that Gigaset's performance in October has improved compared to before the acquisition, and Gigaset has started to break even.
Therefore, Citigroup reduced its revenue expectations for VTech, but raised its gross profit expectations for the company. It maintains profit forecasts for the company for 2025-2027, with an estimated dividend yield of around 10% for the 2025 fiscal year, thus maintaining a "buy" rating.
