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花旗:昇華晨中國(1114.HK)目標價至11.4港元 次季合資公司增長強勁
格隆匯 08-06 11:43

花旗上調華晨中國(1114.HK)目標價15%,由9.9港元上調至11.4港元,主要因為其合資公司華晨寶馬第二季度淨利潤按年勁升92%,超出預期,估計短期豪華車銷量優於行業整體,對公司前景更加樂觀。

花旗報告指出,華晨中國第二季度堅實的業績主要受汽車銷量按年增長30%,以及產品組合改善帶來的利潤率大幅提升驅動,預計二季度淨利潤率按年增長3.7個百分點至10.5%

花旗已將華晨寶馬2020年和2021年銷量預期上調3.6%和9.5%,並將包括汽車金融業務在內的淨利潤率預測上調9.8%和10.1%。

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