一表了解券商對吉利汽車(00175.HK)業績後最新目標價及觀點
吉利汽車(00175.HK)今日持續向上，盤中曾高11.94元曾升8.2%，券商憧憬公司下半年前景轉佳。該公司昨日(21日)中午收市後公布中期業績，營業額按年跌11.5%至475.59億元人民幣(下同)，純利按年跌39.9%至40.09億元，符合早前盈警時所作預測。每股盈利44.39分，不派息。
期內中國市場總銷量按年減少19%至61.31萬部，出口銷量按年升334%至38,619部。集團期內合共銷售65.17萬部汽車(包括領克合營所售領克品牌汽車銷量)，相比去年同期按年減少15%。
【績後股價揚 憧下半年佳】
公司表示上半年市佔率升至6.52%，相信增長空間仍然很大，又指上半年受到新生產和技術提升策略影響，導致規模化和成本數字未如理想，料情況會有改善，亦有信心下調後的銷售數字可以達標。公司目前預計全年銷售136萬輛，較早前所定目標減少10%，今年首7個月銷量按年減少16%至74.31萬輛。
大和證券指吉利中期純利按年跌40%至40億人民幣，符合其早前所發盈警，並指公司今年下半年前景轉佳，將計劃推出六個新車型，相信可推動其2019年下半年至2020年銷售增長。
美銀美林預期吉利汽車下半年毛利率會改善，基於公司將處理舊廠房以優化生產，新車推出將改善規模效應，基於產能充足，固定資產投資亦已在今年見頂，折舊及啟動開支將於明年得到更好控制。該行給予吉利汽車「買入」評級，目標價由16港元下調至14港元。
本網最新綜合12間券商對其投資評級及目標價：
券商│投資評級│目標價(港元)大和│買入│16元
野村│買入│16.2元-15.9元
海通國際│買入│16元-15元
Jefferies│買入│15元-14.7元
美銀美林│買入│16元-14元
瑞信│跑贏大市│14元
摩根大通│中性│12元
建銀國際│中性│12元
華泰金控│持有│11.5元
大華繼顯│持有│10.5元
中金│中性│9元-11元高盛│中性│10元
匯豐環球研究│減持│10元券商│觀點
大和│中期業績符預期，下半年展望改善
野村│預期下半年銷量及定價環境改善
海通國際│關注產品升級提升毛利率的有效性
Jefferies│預計下半年毛利率改善
美銀美林│今年毛利率壓力高，料明年復甦
瑞信│預計今年第四季銷量回復增長
摩根大通│業績符預期，料行業難短期回升
建銀國際│核心業務需更長時間復甦
華泰金控│需求疲弱競爭加劇，短期面臨更大挑戰
大華繼顯│管理層指引符預期
中金│資產負債表穩固，觀望銷量復甦
高盛│管理層指將推7至8款新車型
匯豐環球研究│股價未反映汽車電動化的毛利率壓力
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