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《大行報告》瑞信下調華晨(01114.HK)目標價至8元 指10月起面臨Tesla減價競爭
阿思達克 11-05 10:07
瑞信發表研究報告指,華晨中國(01114.HK)第三季表現反映其與寶馬合營盈利增長達51%,主因銷售增長35%,符市場預期,但料對公司股價幫助不大。

該行指,華晨中國合營的第三季利潤錄按季增長,純利按年增21%,並相信在期內對經銷商的補貼有減少。但10月起合營表現較弱,銷售增長只有2%,是過去七個月的最低,按月增長放慢主因3系和5系的銷售下降,相信與對手Tesla Model 3減價有關。

瑞信降華晨2021年至2022年盈利預期各1.7%及1.3%,目標價由8.3元降至8元,維持「中性」評級。

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