大摩下调长汽(2333.HK)盈测降目标价17%至5港元
长城汽车(2333.HK)发盈警后,遭摩根士丹利调低2019、2020及2021年盈利预测分别30%、20%及11%,并因此下调目标价17%至5港元,评级维持“与大市同步”。预期公司将继续面对来自日本汽车的竞争。
长城汽车上周五(19日)预测,公司中期盈利约15.3亿元人民币,按年减少58.6%,同时将全年销售目标由120万辆调低至107万辆。

大摩报告指出,按长汽上半年预测数字,第二季纯利将约7.57亿元人民币,按年减少53%或按季减少2%。每辆车收入按季改善12.2%,而每辆车的纯利亦上升32.5%,惟仍远低于去年第二季高位。
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