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《大行報告》野村上調華晨(01114.HK)目標價至10.3元 料會再派特別息
阿思達克 07-14 10:37
野村發表研究報告指,於3月份時因憧憬派發特別息及寶馬銷量回升,當時將華晨(01114.HK)評級調升至「買入」,現時發現有更多正面因素,因此將目標價由8.88元上調至10.3元。

報告指,寶馬增長勢頭進一步加快,第二季銷量按年增長約30%,當中4月增長18%,5月增長26%,6月更升49%,超出該行預期。野村指,綜合銷量、出貨量及經銷商庫存水平,認為目前零售需求強勁,價格穩定,所以將華晨寶馬2020至2022年出貨量預測提升8%至9%,毛利率預測上調0.5個百分點,令華晨每股收盈測亦提升15%至16%。預計寶馬銷量今可增長9%,較該行預期今年市場整體下跌11%為佳。

華晨於日前宣派每股0.41元的特別股息,較該行預測的0.74元少。但野村表示,繼續相信華晨會於2021財年再派特別息,預測仍為每股0.74元,維持其「買入」評級。

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