野村:吉利(0175.HK)與沃爾沃合併重組將發揮協同效應 呼籲買入
野村研報指,吉利汽車(0175.HK)早前宣佈,與沃爾沃汽車公司就合併的潛在重組進行磋商,認為將發揮平台共享、集中零件採購、研發支出等協同效應,帶來更加直接的好處。
長期而言,隨著吉利汽車及領克品牌在中國消費者中的價值進一步提高,兩者或會有更大的收入機會,從而獲得更大的市場份額並邁向高端。對於沃爾沃汽車,亦能借助吉利汽車在中國的龐大網絡,公司或會進一步滲透至內地市場。
該行又指,吉利汽車是中國汽車行業長期整合贏家的首選。若成功合併,吉利汽車更會大幅拋離國內同行。維持吉利汽車目標價17.9港元,以及“買入”評級。
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