You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
中金:中集車輛是半掛車與專用車全球龍頭 首次覆蓋並給予“跑贏行業”評級
格隆匯8月18日丨中金髮研報首次覆蓋並給予中集車輛“跑贏行業”評級,A/H股目標價分別為15.02元/8.52港元,對應2021年25/13倍PE,較當前股價有15.5%/28.1%上行空間。報吿稱,全球半掛車、專用車上裝行業市場廣闊,公司作為已經具備一定優勢的龍頭企業,綜合市佔率仍不高,提升空間較大。公司半掛車銷量全球第一,產品生產工藝領先、成本管理優良、研發能力較強、產品矩陣明確、全球渠道完備,具備日益增強的全球競爭力。中金認為,我國重卡支線治超仍有較大空間,有望支撐國內重卡銷量短期維持高位與中長期銷售中樞提升。支線治超仍將長週期梯度推廣,3年維度對於重卡邊際銷量將有所帶動,10年維度對於重卡邊際更新也將有支撐。中金預計公司21-23年EPS分別為0.60元、0.84元、0.96元,CAGR為19.9%。預計公司2021/2022年有望實現21.3%/14.2%的收入增長,7%/40%的歸母淨利潤增長。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account