《大行報告》瑞信上調易鑫集團(02858.HK)目標價至2.6元 評級「中性」
瑞信發表報告表示,中國汽車行業在疫情後有良好復甦,易鑫集團(02858.HK)業務亦得到改善,公司於去年下半年錄得經調整經營利潤7,600萬元人民幣,優於該行原預期的虧損5.43億元人民幣,主要是由於信貸減值損失低於預期,由去年上半年的15億元人民幣,收窄至3.24億元人民幣。
該行上調易鑫集團目標價,由1.9元升至2.6元,對其估值延伸至2022年,相當於預測2022年市盈率20倍,並維持「中性」評級,並調整今明兩年盈利預測,以反映融資成本樂觀及嚴格控制成本。
瑞信估計易鑫集團將與騰訊(00700.HK)進行深度合作,可升品牌認知及進行客戶支付及還款等功能,有助提升公司在行業上的競爭力。而易鑫母企易車於去年6月獲騰訊及黑馬資本組成的買方團提私有化。
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