大摩:上調濰柴(2338.HK)評級至“與大市同步” 升目標價至13港元
摩根士丹利發表報告表示,上調濰柴動力(02338.HK)投資評級,由“減持”升至“與大市同步”,同時將目標價由8.1港元升至13港元,此相當預測明年市盈率10倍。
該行指,目前重型卡車銷售有下降趨勢,濰柴(02338.HK)對中國重汽(03808.HK)的發動機供應比率上升,可能會抵消公司2019-2020年於其他卡車設備製造商公司的訂單份額損失風險。
大摩預期濰柴將開始為中國重汽提供發動機,特別是10升及10升以下的發動機,佔中國重汽發動機總銷量的50%以上。而根據最近公佈的公路車輛新產品清單,中國重汽從2019年開始推出搭載濰柴發動機的中國VI車型。
該行表示,對濰柴於2019至2020年純利預測上調至95億元人民幣及88億元人民幣。
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