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《大行報告》瑞信上調中升(00881.HK)目標價至91元 評級「跑贏大市」
阿思達克 12-14 10:18
瑞信發表報告指,上調中升控股(00881.HK)目標價由90元至91元,評級「跑贏大市」。 報告指,過去一個月中,中升股價下跌7%,原因是投資者對經銷商庫存增加後新車毛利率下降的擔憂,以及內地房地產前景疲軟導致的潛在高端汽車需求放緩,但該行認爲是過度擔憂,因見到銷量和利潤率的變化幾乎可以相互抵銷,即過去三個月的供應減少已經被新車毛利率的提高所抵銷,導致整體盈利調整低於2%,料供應增加後將促進新車銷售和售後服務的收入增長。
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