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《大行报告》大和下调长汽(02333.HK)目标价至25元 评级「买入」
阿思达克 04-23 14:41
大和发表研究报告指,长城汽车(02333.HK)首季度扭亏为盈,录得净利润16亿元人民币,但期内毛利率按季下跌2.9个百分点,反映出行业自动驾驶汽车晶片供应短缺的影响。

管理层表示对行业近期前景维持审慎看法,大和预期,晶片供应短缺问题或延续至第三季度,首季影响浮现得预期早,预期全年行业将有100万至120万辆车受影响,当中长汽销量将受到约4%影响。

该行指出,整个行业都面对毛利率受压问题,相信企业会较为专注研发盈利较高的高端车型,而非着重刺激销量。大和强调对长汽长远发展持正面看法,受晶片短缺因素影响,将2021至2023年每股盈利预测约5%至11%,目标价由29元下调至25元,重申「买入」评级。

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