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《大行報告》麥格理下調長汽(02333.HK)目標價至3.1元 評級「跑輸大市」
阿思達克 08-28 14:24

麥格理發表研究報告,指出持續的產品組合降級將會令長汽(02333.HK)面臨巨大的價格壓力,導致毛利率下降。公司聚焦在運動型多用途車(SUV)板塊將會進一步限制其市場的規模。

另外,公司的折舊及攤銷成本上漲,加上產能擴張及新能源汽車(NEV)盈利能力減弱,將會對其盈利構成進一步壓力。該行重申長汽「跑輸大市」投資評級,將其2019及2020年的每股盈利預測分別下調23%及11%,目標價由原來的3.8元下調至3.1元。

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