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富瑞长汽(2333.HK)或遇挑战降目标价17%至5港元评级“持有”
格隆汇 07-22 11:10

富瑞发表研究报告指,长城汽车(2333.HK)上半年发盈警符合该行预测,料公司面临产品组合老化及低端汽车市场尚待恢复的巨大挑战,将其H股目标价由6港元下调16.7%至5港元,维持“持有”评级。

长汽早前发盈警,预测上半年纯利按年跌58.6%,并同时宣布将全年销售目标由120万辆下调10.8%至107万辆。富瑞指,公司发盈警符合该行预测,因公司于第二季度提供的折扣高,汽车销售净收入接近零。

该行相信,长汽短期内或难以降低折扣力度,使利润率承压,而公司新的年度目标意味着全年销量按年增长2%,料下半年销量增长持平。

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