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《大行報告》美銀證券上調華晨(01114.HK)目標價至10.1元 評級「買入」
阿思達克 08-06 10:01
美銀證券發表報告指,寶馬公布今年第二季業績,由佔50%的合營華晨寶馬獲得之股權收益為3.67億歐元,按年上升92%,主要是由於基數較低,因去年同期的每車回扣較今年第二季為高;新的「3系列」生產在去年次季提升,而華晨寶馬將舊「3系列」去庫存,以致同期折扣較大;加上更佳的經濟規模,今年第二季的銷售增長強勁。

該行表示,因高檔汽車在疫情後的銷售及需求較大眾市場市場更具韌性,華晨寶馬在今年第二季的銷量按年增長30%,基於歐元兌人民幣於次季匯率7.97計,估計華晨寶馬第二季的股權收益為29億元人民幣,按年增長100%。

美銀證券上調華晨中國(01114.HK)股份目標價,由8.8元升至10.1元,評級維持「買入」,認為集團溫和的銷量/盈利增長應會在今年持續,而且商用車的虧損料可改善,股份估值亦吸引。

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