《大行報告》瑞銀下調濰柴動力(02338.HK)目標價至22.05元 評級「買入」
瑞銀髮表研究報告,指濰柴動力(02338.HK)第三季收入按季跌50%,或按年跌近40%,是此前公佈之初步業績範圍中的低位;首九個月純利按年增11%至79億元人民幣,達該行原先全年預期的76%,相信市場已預期第三季表現會較差。
該行估算,公司出售17萬部引擎,包括10萬部是爲重型貨車而設,意味按年跌48%,大致與行業跌勢相符。而旗下KION品牌表現亮麗,季度純利按年增60%至1.4億歐元,帶動第三季濰柴純利表現。
瑞銀又指出,第四季重型貨車行業基本面遜預期,因中國V型號目前去庫存速度較慢,料額外需時三至五個月消化庫存;同時受內地部分地區限電影響,工業產出減少,亦令重型貨車需求下降,因此降濰柴2021至2023年盈利預期7%至15%,目標價由24.3元降至22.05元,維持「買入」評級。
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.