《大行報告》花旗升長汽(02333.HK)評級至「買入」 目標價上調至46.8元
花旗發表報告,將長城汽車(02333.HK)H股評級由「中性」升至「買入」,目標價由32.3元上調至46.8元,以反映行業於明年至2025年的展望更為向好,及集團將推出強勁的新產品等。
花旗又將集團今年至2023年總銷量預測分別調升至127萬、175萬及199萬輛,三年最新盈利預測調整至60億元、117億元及151億元人民幣。
該行預期,明年內地本土汽車品牌於乘用車市場的佔有率將達44%,按年上升6個百分點,估計可進一步推動長汽、比亞迪(01211.HK)及吉利(00175.HK)的估值獲重評。
花旗亦料受到高級輔助駕駛(ADAS)及固件在線升級(FOTA)等支持下,長汽的市佔率可由今年的2.1%,提升至2025年的9.3%。今年至2023年的毛利率估計可改善至14.7%、14.8%及15%。
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