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野村维持华晨中国(1114.HK)“中性”评级目标价下调至8.8港元
格隆汇 08-26 13:57

野村发表研究报告指,华晨中国(1114.HK)的股价短期催化剂较少,遂维持“中性”的投资评级,将目标价由10.2港元下调13.7%至8.8港元。该行指,在预期内地汽车市场于下半年复苏的预测下,较看好吉利汽车(0175.HK)及广汽集团(2238.HK)H股。

野村指出,华晨上半年净利润按年下跌9%至32.3亿元人民币,当中合资公司华晨宝马贡献按年跌3%,符合该行预期。

野村表示,华晨并没有就未来增派息提出政策。该行相信公司未来仍需投资自身业务,同时华晨在合资公司的持股比例将于2022年降至25%,或没有足够诱因令宝马进一步为公公司提供现金贡献,有机会进一步影响公司派息。

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