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无惧恐慌下挫,多家机构看好吉利沃尔沃整合,目标价最高38.5港元
uSMART盈立智投 02-26 11:53

uSMART盈立智投2月26日消息。日前,吉利汽车控股宣布与沃尔沃汽车达成合并方案,在双方保持各自现有独立公司架构基础上围绕汽车新四化前瞻技术,在动力总成、三电技术、高度自动驾驶等业务领域进行合并及协作。

野村发表研究报告指,近日吉利汽车(00175.HK)与Volvo合作发展电动车及自动驾驶业务,认为上述合作将有助吉利转型至电动车世代,亦将改变以往的股价估值模型至分类加总估值法(SOTP),以单独估算电动车业务价值。上调目标价71.9%,由19.55元升至33.6元,重申‘买入’评级。  

野村表示,上调2021和2022年每股盈利预测分别8%及16%,吉利于高端汽车方向踏出了重要的一步,其高端品牌Lynk领克汽车于去年占吉利总销售量13%,预期领克汽车将成为吉利的增长动力,预测于2021年及2022年领克汽车将占公司总销售量分别16%及19%。

交银国际发布报告表示,该行认为这仍然是短期股价催化剂,维持买入评级和38.50港元的目标价。

平安证券在研究报告中表示,我们认为在电动车架构与智能网联方面,吉利目前相对于沃尔沃更强。在自动驾驶领域沃尔沃相对吉利更强,经验丰富的沃尔沃牵头研发有利于弥补吉利在该领域布局的不足,强化智能化车辆技术版图。新公司将优势互补,助力双方品牌降低成本,增强车型竞争力。相信未来十年在电动智能新赛道上,双方的合作将取得市场地位的进一步上升。

在新能源汽车行业消息方面,2021 年 1 月,新能源汽车产 销分别完成 19.4 万辆和 17.9 万辆,同比分别增长 285.8%和 238.5%,已经连 续 7 个月刷新单月销量历史记录。根据《新能源汽车产业发展规划(2021-2035 年)》,未来 5 年国内新能源 汽车销量的年均复合增长率将高达 30%以上,行业高速发展无虞,市场空间广 阔。

上海市和海南市先后发布了2021年清洁能源汽车相关规划,着力推广新能源汽车渗透率,加快汽车电动化进程。报告中指出,将加大充电桩建设力度,优化新能源汽车基础设施配套。这一政策利好有利于促进新能源汽车销量更进一步。

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