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大和:予吉利(0175.HK)、廣汽(2238.HK)、永達(3669.HK)“買入”評級
格隆匯 01-13 15:22

大和發佈報告稱,均予吉利汽車(0175.HK)、廣汽集團(2238.HK)及永達汽車(3669.HK)“買入”評級,目標價分別為20港元、11.6港元及9.2港元。

該行稱,據乘聯會去年12月的銷量數據,日均乘用車銷售同比跌1%,較11月份的跌5%改善,而去年全年市場銷售同比跌9%,大致符合該行預期的跌10%。

該行提到,吉利汽車、東風集團(0489.HK)、上汽集團及長安汽車自家品牌的日均乘用車銷售同比均有增長,分別同比增39%、17%、11%及83%,部分原因是去年基數低,但長城汽車(2333.HK)同比跌25%。

至於奢侈品牌,華晨寶馬12月的日均銷量同比增21%,主要由於去年的基數低,10月及11月增長分別為3%及5%;北京奔馳12月的銷量則增長6%,10月及11月增長分別為56%及23%。由於今年的農曆新年較早,預期1月的銷售會有所放緩,但之後回逐步回升,預計今年銷售同比温和增長3%。該行推薦吉利汽車,預計其今年盈利復甦強勁,另也喜歡廣汽集團,關於豪華車表現,推薦永達汽車。

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