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《大行報告》花旗首予和諧汽車(03836.HK)「買入」評級 目標價8.8元
阿思達克 12-29 14:30
花旗首予和諧汽車(03836.HK)「買入」評級,目標價8.8元,指該公司擁有獨特的超奢侈品牌組合,包括勞斯萊斯、賓利、法拉利、林寶堅尼和瑪莎拉蒂,預料其新車銷售及售後服務毛利率水平均高,預測其2021至2023年的淨利潤複合年增長率為10.7%。 花旗認為,和諧汽車的新車銷售應得到主要品牌寶馬和Lexus強勁的產品週期的支持,在舖較低以及超奢侈品牌帶來的貢獻下,料其售後服務的盈利增長強勁。 花旗表示,和諧汽車戰略投資的「鐺鐺修車」是一家專注於新能源汽車售後服務的輕資產品牌,預計鐺鐺將在2023年開始產生正自由現金流。
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