野村降华晨中国(1114.HK)评级至“中性”目标价下调至10.2港元
野村发表报告表示,华晨中国(01114.HK)公布派发每股特别息0.74元,相等於在出售合营作价後的税後现金收益15%水平,相信在2022年完成交易後会有第二次的分派,而公司亦需保留部份现金以作投资,以抵销对其小型货车业务的亏损。

该行表示,决定下调对华晨中国目标价,由11.5港元降至10.2港元,维持“中性”投资评级,该行继续维持对华晨自家品牌业务为零价值估值的假设。该行将华晨今年每股盈利预测由1.44元降至1.34元人民币,同时调低对其明年每股盈利预测由1.6元降至1.5元人民币
野村指,华晨宝马合营销售於上半年升26%,主因「X3」全年的贡献,相信全年可升16%,以反映下半年3系新款推出後有所影响,但公司旗下产品价格压力仍会持续,故调低对其产品均价预期。
该行表示,在国内汽车方面,看好吉利汽车(00175.HK) -0.080 (-0.635%) 沽空 $6.61千万; 比率 14.149% 和广汽(02238.HK)
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