《大行報告》瑞信上調永達汽車(03669.HK)目標價至17元 首季業績略勝預期
瑞信發表研究報告指,永達汽車(03669.HK)首季業績表現略高於預期,淨利潤按年增長786%至5.26億元人民幣,達到全年度預測的25%,當中銷售及行政開支佔收入比例較去年同期下降2.62個百分點至6.22%,為過去6年以來最低水平。
該行指,今年首季延續去年第四季增長趨勢,與公司三大汽車品牌BMW、Audi及保時捷銷售表現相符,期內於該等品牌折扣水平分別按季下降1.3、2.4及0.3個百分點。
根據首季業績表現,瑞信將2021至2023年盈利預測上調0.3%至2.8%,相應將目標價提高至17元(原本16元),維持「跑贏大市」評級。
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