花旗发表研报指，德昌电机2026财年第三季业绩略逊预期。由于近期铜成本上涨，该行将2026至28财年 盈利预测下调约5%，目标价由33港元下调至32港元，维持"中性"评级，预期公司股价短期将面临压 力。该行认为，公司因涉足AI液冷泵及人形机械人供应链行业，价值仍被高估，预期该业务在2026及 27财年，仅占公司销售额1%及3%，以及毛利2%及6%，对2027财年贡献仍轻微。 ...

Core Viewpoint - Morgan Stanley maintains an "Overweight" rating and a target price of HKD 59 for Delta Electronics Holdings (00179), despite a mixed performance in recent operational data [1] Financial Performance - Delta's revenue for the first three fiscal quarters ending December remained flat year-on-year, but the third fiscal quarter saw a 2% increase to USD 893 million, indicating a gradual recovery [1] - The revenue growth in the third quarter was slightly below Morgan Stanley's expectations, primarily due to the slower-than-expected project initiation by Chinese automotive companies [1] Business Segments - The industrial products segment continues to outperform due to structural market share growth [1] - Limited data disclosure regarding humanoid robots and AI data center cooling businesses adds uncertainty to short-term visibility [1] - The recovery speed of the automotive products business remains uncertain, impacting short-term outlook [1]