中信證券:上汽集團估值已處於歷史低點 重申“買入”評級
格隆匯12月2日丨中信證券指出,汽車行業最差的時間已經過去,景氣開始觸底上行,預計2020年行業銷量有望增速轉正。上汽集團作為行業龍頭,2019年疊加總裁交接班因素,是公司的“主動調整年”;展望2020年以後,上汽奧迪豪華品牌投放提升盈利,上汽大眾MEB新能源平台提升估值;當前公司估值已經接近1.1倍PB,處於歷史低點;當前股價也接近員工持股價,悲觀因素反應充分,提供了很好的長期配置機會。重申公司“買入”評級,重點推薦。
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