《大行報告》美銀證券上調吉利(00175.HK)目標價至23元 評級「買入」
美銀證券發表報告,引述吉利汽車(00175.HK)預期第四季汽車銷售按年增10%,或可達到全年銷量132萬輛的目標。展望明年,集團預期中國乘用車市場穩健,將呈單位數至低雙位數增長。
該行指,集團於2020年推出6款新車型號,貢獻今年銷量10萬輛,管理層估計,該6款新車款明年銷量將逾20萬輛。集團現時有多個技術平台,分別為CMA、BMA等,針對不同的車型範圍,實現吉利、沃爾沃及領克三品牌共享。展望明年,管理層料將推5款新型號,隨著更多型號在新平台推出,料開發及生產費用成本將下降。
美銀證券上調吉利2020至2022年各年銷量預測6%、6%及7%,同期盈測亦分別調升5%、10%及14%,並上調估值基礎,以現金流折現率計,目標價相應由19.3元升至23元,維持評級「買入」。
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