《大行报告》摩通升长汽(02333.HK)评级至「增持」 目标价上调至9元
摩根大通发表报告指,长城汽车(02333.HK)公布今年第二季未审计初步业绩,撇除一次性收益的核心盈利为15.6亿元人民币,高於该行预期的11亿元人民币,主要是因每车利润增至自2018年下半年来新高的7,367元人民币,使集团盈利能力急升。
摩通表示,长汽管理层在电话会议上重点提到了推出新型号及其平台策略等计划。在正面方向而言,该行料集团的高毛利率皮卡车业务提升可使其继续有稳固的盈利势头,但对於集团SUV业务的增长停滞,以及高档品牌「Wey」长期看来缺乏重大突破仍有保留。
该行上调长汽今明两年盈利预测分别16%及25%,以反映第二季业绩表现胜预期,相信集团股份近期会有正面反应,因此上调其H股评级,由「中性」升至「增持」,目标价由4.8元调升至9元。
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