《大行報告》美銀證券升長汽(02333.HK)目標價至20.4元 重申「買入」評級
美銀證券發表報告,指出長城汽車(02333.HK)在本月15日推出「檸檬混動DHT」,這是高度集成的多模式混合動力解決方案,並具有高工作效率。混動DHT由混合動力系統組成,包括兩種動力架構(HEV, PHEV)及三個動力系統組成。繼吉利之後,而長汽是第二家發展HEV技術的中國汽車代工生產商。而公司未來將基於混動DHT系統推出混合動力電動汽車及插電式混合動力電動汽車。
另外,在12月17日公司正式推出WEY坦克300運動型多功能汽車,在11月20日展開預售,並在一個月內收到超過1萬張訂單。該行預期長汽將在明年實現21%的銷售增長,受惠於今年下半年至明年的強勁型號產品線,市場份額將繼續增加。公司預期將會在明年推出10個以上新型號及升級型號。
在毛利率更高的預期下,該行將公司2021及2022年的每股盈利預測分別上調5%,相信新產品、平台技術及檸檬混動DHT將帶來更多成本優勢。將公司的目標價由原來的17.3元升至20.4元,重申其「買入」投資評級。
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