《大行報告》瑞信上調長汽(02333.HK)目標價至21元 評級「跑贏大市」
瑞信發表研究報告指,長城汽車(02333.HK)宣布計劃在2021年9月推出Level 3自動駕駛,產品將配備激光雷達,而Level 4自動駕駛產品將於2022年亮相,長汽更計劃將其自動駕駛芯片供應商從Mobileye EQ4改為Nvidia或高通,並向車主收取自動駕駛軟件費用。
報告指,長汽旗下新能源汽車品牌歐拉(ORA)將專注於中端主流市場,售價將低於15萬元人民幣,為提高品牌形象,長汽計劃在2022年推出ORA大型SUV旗艦產品,料於2021年在上海車展展出。為實現2025年35萬輛的銷量目標,長汽將為ORA品牌推出7款車型,長汽與寶馬的合資公司光束汽車(Spotlight Automotive)亦會為ORA生產汽車。該行預期,明年新推車型銷量可達全年目標4萬輛。
瑞信認為,長城汽車2021年後的產品佈局將帶動中長期增長,予「跑贏大市」評級,將2021至2022年盈利預測提升3.6%至7%,相應將目標價由19.2元調高至21元。
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