《大行報告》野村下調吉利(00175.HK)目標價至23.9元 評級「買入」
野村發表大行報告,指儘管供應鏈樽頸對汽車生產仍構成短期挑戰,吉利汽車(00175.HK)上月銷量按月升17%意味生產產出持續逐步改善。管理層訂立今年銷量165萬輛的進取目標,意味按年增長24%,較該行原先預期吉利今年訂立159萬輛銷量目標更高出3.7%。當然,這是動態目標,假設零部件供應不再惡化及不再受新冠疫情帶來生產干擾所影響。
該行指出,吉利2022年產量復甦預期屬重要,料有助緩解持續原材料成本壓力;同時產品組合升級,推出更多新型貴價車型,有助緩解毛利率壓力。
考慮發行新股進一步收購Zeekr權益帶來的2%股權攤薄,該行降吉利2021至2023年每股盈測介乎4%至6%。該行料具強勁電動車產品線的本地龍頭品牌如吉利可受惠內地電動車滲透率上升勢頭。野村將吉利電動車業務及傳統內燃車業務分開進行估值,將吉利目標價由27.7元下調至23.9元,維持「買入」評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.