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《大行報告》摩通升敏實(00425.HK)評級至「增持」 目標價上調至25元
阿思達克 03-23 10:31
摩通發表研究報告,指中國汽車零件製造商的股價於今年至今累跌20%,主因過去兩周全球經濟下行有關,降5間零件商今年的盈利預期15-40%,以反映新型肺炎疫情的影響,預期全球生產下跌7%。若情況進一步變差,預期全球生產量跌12%,屆時每股盈利進一步下調10-40%。

該行預期中國汽車業今年會大致持平,雖然過去數字顯示,汽車零部件會在下行週期較汽車生產商更具韌性,但因今次的下行風險主要來自歐美,供應商佔比較高,故相信今次情況會相反。在汽車零件生產商中首選敏實(00425.HK),評級升至「增持」,看好其新的鋁電池廠房,平均售價較現有產品顯著提升;而且敏實在歐洲/日本品牌佔比較高,預期在中國的份額能夠提升,目標價由22元上調至25元。

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