大和:料第四季內地汽車銷量增長可逐漸改善 看好吉利(0175.HK)等
大和發表行業報告稱,據Think car數據顯示,11月首17日內地平均每日乘用車銷售按年下跌9%,跌幅較10月首兩星期的13%有所收窄,相信11月汽車銷量跌勢會持續改善。該行看好吉汽(0175.HK)、廣汽(2238.HK)H股,以及豪華車代理商永達汽車(3669.HK),主因今、明兩年豪華車銷情料會持續跑贏大市,均予三者“買入”評級,目標價分別為20港元、9.8港元及9.2港元。
大和指,吉汽11月首17日銷售按年升16%,預期公司明年有強勁的盈利增長,由於吉汽現價已低於過去三年的平均水平,一旦未來行業數據或公司每月銷量有所改善,相信吉汽有望獲得重估。至於廣汽期內銷量則跌11%,惟該行預期,廣汽自主品牌汽車毛利將可復升,並帶動明年盈利回升。
展望第四季汽車銷情,大和認為,由於去年基數低,加上中國農曆新年假期較早,預期今年第四季銷量增長可逐漸改善。
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