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大和重申吉利(0175.HK)“买入”评级目标价下调至15港元
格隆汇 08-23 15:35

大和发表研究报告表示,吉利汽车(0175.HK)上半年盈利按年跌40%至40亿元人民币,符合其此前公布的盈警预测,该行预期公司下半年盈利可望复升,重申其“买入”评级,目标价则由16港元,下调至15港元。

该行指,公司管理层于分析员会议中指,更多平台及车型推出令成本上升,并料今年折旧及摊销支出或有机会显著上升至40亿元人民币,但管理层仍对下半年前景维持乐观,该行料行业前景于未来数月将于逐步改善,而投资气氛可望于下半年提升,料本地汽车品牌将有强劲反弹,该行预期吉利及整个行业于下半年的盈利表现将可改善,建议投资者吸纳该股。

大和将吉利2019至2021年每股盈利预测调低6-9%,主要基于对净利润率的假设更为保守,由此前10-13%的预测,下调至9-12%。

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