《大行報告》花旗微升吉利(00175.HK)目標價至52.77元 評級「買入」
花旗發表研究報告,將吉利汽車(00175.HK)的目標價,由原來52.25元上調至52.77元,預料公司自今年3月起吉利銷量將繼續實現25%至35%的按年增長,若芯片供應略有改善,將成為近期催化劑,該行仍將吉利列為首選之一,維持對其「買入」投資卜評級。
該行表示,繼續看好今年極氪業務收入,並將「吉利+LK」品牌估值,上調至2022年預測市盈率21倍(此前為10倍),將2022至2024年集團銷量預測調整為176萬、204萬及244萬輛,而極氪銷量料達到9.5萬、18.2萬及39.3萬輛,當中已計及未來一至兩年潛在的全球芯片供應短缺。
花旗表示,預計吉利較高售價的產品將帶動今明兩年綜合毛利率提升各至19.2%及21.2%,在考慮潛在的員工激勵開支後,將2021至2023年淨利預測下調至56.6億、86.9億及114億元人民幣。
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