中金下调长汽H股(2333.HK)目标价至5.5港元
中金公司发表研究报告指出,长城汽车(2333.HK)上半年销量和单车均价下降,分别下调长汽今年及明年纯利预测11%和11.9%,至37.4亿和41亿元人民币,H股目标价调低11.3%至5.5港元,而A股目标价亦降低2.2%至9元人民币。
报告指出,长汽上半年业绩符合预期,均价下移导致收入增速大幅低于销量增速,中金认为主要是由于欧拉品牌与出口业务的均价较低所致,此外,公司会计政策将已出口但尚未交付给终端客户的销量不计入当期收入,亦有部分影响。
长汽计划集中资源聚焦核心业务,增加营销力度提升市占率。
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