《大行报告》摩通引述吉利(00175.HK)称有信心今年销量目标可达 将续提升盈利能力
摩根大通发表报告,与吉利汽车(00175.HK)管理层进行会面,并引述吉利管理层指对达成今年156万辆汽车销售目标具有信心,指虽面临汽车晶片短缺及原材料成本上升,相关因素料对今年第二季生产有单位数字的影响,但吉利仍有信心今年销量目标可达标。
该行指,观察到吉利自上海车展後的预订情况後,估计吉利於2021财年及2022财年销量增长可按年各达19%及30%,受益於推出新车型及平台策略,该行更认为吉利2022年盈利可较2020年盈利倍升。
吉利汽车管理指在今年第二季及第三季毛利率会受压,因面临原材料上升,公司已采取策略调整生产及产品组合,削减售价较低的型号及提升售价较高的车型,指公司今年目标是持续提升总体盈利能力。
就与百度(09888.HK)及鸿海的电动车合营,吉利指与两大巨头未来拓展电动车市场,相关新产品会在吉利的「SEA浩瀚智能进化体验架构」上合作,料长远将可取得明显的成本效益。
而摩通指,考虑到今年下半年对行业销量的乐观看法、以及芯片供应的担忧已反映在汽车股的股价之上,该行认为投资者会逐渐增加部分内地汽车股的仓位配置(如蔚来(NIO.US)及吉利)。
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