瑞信:吉利汽車(0175.HK)中期經常性盈利符預期 目標價26港元
瑞信發表研究報吿指,吉利汽車(0175.HK)中期在撇除以股份付款之員工成本後,經常性純利按年升31%至約30億元人民幣,符合市場預期,盈利增長主要因銷售額按年增長24%、以及產品組合改善帶動毛利率,公司並公佈進取的指標,目標於2025年實現年銷量達365萬輛,該行維持吉利目標價26港元,重申“中性”評級。
該行表示,儘管今年下半年的開局走軟,但集團仍維持全年銷售額達153萬輛,意味着餘下5個月增幅需按年上升17%,並對新產品的訂單情況有信心,如極氪001已獲得逾7000宗訂單等。不過,該行下調其今年盈利預測8.3%,以反映股份付款的影響。

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