瑞銀:升濰柴動力(2338.HK)評級至“買入” 目標價上調至20.9港元
瑞銀髮表報告指,濰柴動力(2338.HK)
重型卡車銷售在去年高基礎上,今年有5%增長。此外,透過先進LNG引擎及新客户中國重汽的支持下,市場份額可望由2018年的32%,提升至2019至2021年間的約33%至35%。
該行認為市場未充分體現行業未來三至五年的優勢,上調濰柴2019至2021年預測3%、45%及39%,較市場預期高8%、23%及14%,目標價由13.6港元上調至20.9港元,評級由“
中性
”升至“
買入
”。
瑞銀預計,“
藍天保衞戰
”三年計劃將令重型卡車去舊換新潮在今年達到頂峯,以及去年無錫發生貨車超載引致塌橋事故,令超重管制政策持續收緊,均對今年重卡銷售有正面影響,將銷售量預測由105萬台調高至124萬台,料按年增幅超過5.08%;明年預測則提高22%至110萬。
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