《大行報告》瑞銀降吉利(00175.HK)評級至「中性」 目標價下調至24元
瑞銀發表研究報告,降吉利(00175.HK)評級至「中性」,相信公司SEA電動車平台大致獲得投資者認同,而合營的安排令上市公司在低端傳統業務相對有較重比例,而高端電動車業務的比例較少。短期利潤亦因產品組合調整受壓,目標價由34元降至24元。
該行對新品牌「極氪」的競爭看法較樂觀,因配合其新的EV平台,料極氪001將可於今年至23年分別銷售1萬架、4萬架與6萬架,而其他SEA平台車型於2022至23年銷售4萬架、6萬架。在品牌定位方面,科技與軟件應用都有助推動極氪成為一線品牌,可惜上市公司只擁有極氪51%權益,其餘49%由母公司和管理層持有。
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