《大行报告》瑞信上调东风(00489.HK)目标价至12.8元 全年利润指引胜预期
瑞信发表报告指,东风集团(00489.HK)对今年年净利润指引为102.2亿至110亿元人民币(下同),高於市场原预期9-17%,并反映其今年第四季净利将介乎24亿至32亿元,按年增长159至244%。
该行认为,东风集团今年第四季指引强劲,主要因为公司10月份销量增长强劲,按年升达一成,加上产品组合改善,利润较高的Honda及重型货车等表现继续号赢,10月份销量分别按年增长20%及31%。
瑞信料,东风集团股价将有正面反应,加上该行将公司2020至2022年每股经调整盈利预测各升9.6%、1.5%及4.1%,以反映较高的收入及利润估算,目标价由11.8港元升至12.8港元,维持「跑赢大市」评级。该行称,予东风目标价意味其相对其他在港上市的车企有较大的潜在上行空间,并为该行内地汽车行业中的首选。(el/w) ~
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