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《大行報告》野村降華晨中國(01114.HK)評級至「中性」目標價下調至10.2元
阿思達克 07-26 11:35

野村發表報告表示,華晨中國(01114.HK)公布派發每股特別息0.74元,相等於在出售合營作價後的稅後現金收益15%水平,相信在2022年完成交易後會有第二次的分派,而公司亦需保留部份現金以作投資,以抵銷對其小型貨車業務的虧損。

該行表示,決定下調對華晨中國目標價,由11.5元降至10.2元,維持「中性」投資評級,該行繼續維持對華晨自家品牌業務為零價值估值的假設。該行將華晨今年每股盈利預測由1.44元降至1.34元人民幣,同時調低對其明年每股盈利預測由1.6元降至1.5元人民幣

野村指,華晨寶馬合營銷售於上半年升26%,主因「X3」全年的貢獻,相信全年可升16%,以反映下半年3系新款推出後有所影響,但公司旗下產品價格壓力仍會持續,故調低對其產品均價預期。

該行表示,在國內汽車方面,看好吉利汽車(00175.HK)和廣汽(02238.HK)。

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