無懼恐慌下挫，多家機構看好吉利沃爾沃整合，目標價最高38.5港元
uSMART盈立智投2月26日消息。日前，吉利汽車控股宣佈與沃爾沃汽車達成合並方案，在雙方保持各自現有獨立公司架構基礎上圍繞汽車新四化前瞻技術，在動力總成、三電技術、高度自動駕駛等業務領域進行合併及協作。
野村發表研究報告指，近日吉利汽車（00175.HK）與Volvo合作發展電動車及自動駕駛業務，認爲上述合作將有助吉利轉型至電動車世代，亦將改變以往的股價估值模型至分類加總估值法（SOTP），以單獨估算電動車業務價值。上調目標價71.9%，由19.55元升至33.6元，重申‘買入’評級。
野村表示，上調2021和2022年每股盈利預測分別8%及16%，吉利於高端汽車方向踏出了重要的一步，其高端品牌Lynk領克汽車於去年佔吉利總銷售量13%，預期領克汽車將成爲吉利的增長動力，預測於2021年及2022年領克汽車將佔公司總銷售量分別16%及19%。
交銀國際發佈報告表示，該行認爲這仍然是短期股價催化劑，維持買入評級和38.50港元的目標價。
平安證券在研究報告中表示，我們認爲在電動車架構與智能網聯方面，吉利目前相對於沃爾沃更強。在自動駕駛領域沃爾沃相對吉利更強，經驗豐富的沃爾沃牽頭研發有利於彌補吉利在該領域佈局的不足，強化智能化車輛技術版圖。新公司將優勢互補，助力雙方品牌降低成本，增強車型競爭力。相信未來十年在電動智能新賽道上，雙方的合作將取得市場地位的進一步上升。
在新能源汽車行業消息方面，2021 年 1 月，新能源汽車產 銷分別完成 19.4 萬輛和 17.9 萬輛，同比分別增長 285.8%和 238.5%，已經連 續 7 個月刷新單月銷量歷史記錄。根據《新能源汽車產業發展規劃（2021-2035 年）》，未來 5 年國內新能源 汽車銷量的年均複合增長率將高達 30%以上，行業高速發展無虞，市場空間廣 闊。
上海市和海南市先後發佈了2021年清潔能源汽車相關規劃，着力推廣新能源汽車滲透率，加快汽車電動化進程。報告中指出，將加大充電樁建設力度，優化新能源汽車基礎設施配套。這一政策利好有利於促進新能源汽車銷量更進一步。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app！
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
