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中金:維持吉利(0175.HK)目標價13.7港元 配股或引起市場悲觀反應
格隆匯 05-29 13:38

中金公司發表研究報告指,吉利汽車(0175.HK)配股料稀釋每股純利6%,使現有股東利益略為受挫,或將引起市場悲觀反應,而公司現金充足,本次配股或意為幫助母公司減少財務壓力,維持目標價13.7港元。

中金表示,此次配股後,預計公司現金將達約250億元人民幣,而中長期看,公司與沃爾沃擬合併後將發揮較強協同效應,公司銷量及營收、淨利潤規模均會大幅提高,公司合併後擬在多地上市,將有助公司股價上升。

中金續指,母公司承擔了模塊化平台開發等初始大規模研發投入,考慮到公司現金流穩健向好,而母公司旗下Smart、Polestar、寶騰等多個品牌在發展或整合期均需要較大投入。為了緩解母公司壓力,公司或將承擔更多費用。

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