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《大行報告》瑞信下調吉利(00175.HK)目標價至27元 評級「跑贏大市」
阿思達克 03-24 10:22
瑞信發表研究報告指,吉利(00175.HK)去年表現遜預期,純利跌32%,主因銷售跌3%及利潤下跌所致。雖然下半年銷售升11%,但純利跌23%。

該行指,其毛利率於下半年按年跌1.7個百分點至15.3%,令人意外,公司指是因客戶激勵計劃所致,可以理解為經銷商提升零售價格折扣。因應利潤遜預期,降2021至22年盈利預測23.8%至27%,並計入2023年預期,目標價由33元降至27元。

該行又指,吉利增設純電汽車合營「極氪」,公司與母企分別持股51及49%,維持「跑贏大市」評級。

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