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《大行報告》高盛上調濰柴動力(02338.HK)目標價至32.5元 評級「買入」
阿思達克 02-25 09:59
高盛發表報告指,撇除其持股的凱傲集團(Kion),濰柴動力(02338.HK)估值相當於去年市盈率17倍,市價對自由現金流比率則為10倍,為市場上最具吸引力的中國行業龍頭之一。

該行表示,濰柴的盈利增長前景吸引,其中集團在中國提升排放要求期間已擴大技術上的領先,市場佔有率由2016年的27%,提升至去年的34%,預期2025年會進一步加快至44%。在內地VI發動機推出,及海外市場復甦等催化劑推動下,高盛相信該股可成引人注意的投資。

高盛上調濰柴動力H股目標價55%至32.5元,評級維持「買入」,並調升集團2020年至2023年盈利預測最多15%,以反映新排放標準推出後的市佔增加。

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