一表了解券商对吉利汽车(00175.HK)业绩後最新目标价及观点
吉利汽车(00175.HK)今日持续向上，盘中曾高11.94元曾升8.2%，券商憧憬公司下半年前景转佳。该公司昨日(21日)中午收市後公布中期业绩，营业额按年跌11.5%至475.59亿元人民币(下同)，纯利按年跌39.9%至40.09亿元，符合早前盈警时所作预测。每股盈利44.39分，不派息。
期内中国市场总销量按年减少19%至61.31万部，出口销量按年升334%至38,619部。集团期内合共销售65.17万部汽车(包括领克合营所售领克品牌汽车销量)，相比去年同期按年减少15%。
【绩後股价扬 憧下半年佳】
公司表示上半年市占率升至6.52%，相信增长空间仍然很大，又指上半年受到新生产和技术提升策略影响，导致规模化和成本数字未如理想，料情况会有改善，亦有信心下调後的销售数字可以达标。公司目前预计全年销售136万辆，较早前所定目标减少10%，今年首7个月销量按年减少16%至74.31万辆。
大和证券指吉利中期纯利按年跌40%至40亿人民币，符合其早前所发盈警，并指公司今年下半年前景转佳，将计划推出六个新车型，相信可推动其2019年下半年至2020年销售增长。
美银美林预期吉利汽车下半年毛利率会改善，基於公司将处理旧厂房以优化生产，新车推出将改善规模效应，基於产能充足，固定资产投资亦已在今年见顶，折旧及启动开支将於明年得到更好控制。该行给予吉利汽车「买入」评级，目标价由16港元下调至14港元。
本网最新综合12间券商对其投资评级及目标价：
券商│投资评级│目标价(港元)大和│买入│16元
野村│买入│16.2元-15.9元
海通国际│买入│16元-15元
Jefferies│买入│15元-14.7元
美银美林│买入│16元-14元
瑞信│跑赢大市│14元
摩根大通│中性│12元
建银国际│中性│12元
华泰金控│持有│11.5元
大华继显│持有│10.5元
中金│中性│9元-11元高盛│中性│10元
汇丰环球研究│减持│10元券商│观点
大和│中期业绩符预期，下半年展望改善
野村│预期下半年销量及定价环境改善
海通国际│关注产品升级提升毛利率的有效性
Jefferies│预计下半年毛利率改善
美银美林│今年毛利率压力高，料明年复苏
瑞信│预计今年第四季销量回复增长
摩根大通│业绩符预期，料行业难短期回升
建银国际│核心业务需更长时间复苏
华泰金控│需求疲弱竞争加剧，短期面临更大挑战
大华继显│管理层指引符预期
中金│资产负债表稳固，观望销量复苏
高盛│管理层指将推7至8款新车型
汇丰环球研究│股价未反映汽车电动化的毛利率压力
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