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《大行報告》大和下調美東汽車(01268.HK)目標價至58元 評級「買入」
阿思達克 02-23 09:47
大和發表研究報告指出,昨日(22日)與美東汽車(01268.HK)管理層討論後,認為美東汽車基於成功收購追星汽車及改善新車盈利能力的情況下,有信心公司於2021至2022財年可錄得強勁的盈利增長。 不過,該行指雖然華晨寶馬於今年1月的交付量約8萬輛,按年增長8%,按月升60%,但寶馬(BMW)向經銷商表明由於晶片短缺,今年首季潛在產量緊張,或使寶馬難於維持今年銷量按年增長10%的目標,對美東汽車而言是個不利因素。 大和將美東汽車的2022至2023財年的收入預測分別下調4%至5%,每股盈利分別下調9%至13%,主要由於寶馬的潛在供應短缺,導致該行將寶馬2022年的銷量按年增長預測由35%削至28%,另由於美東汽車發行26.9億元人民幣的可換股債,令利息費用上升等。該行將集團目標價由64元降至58元,重申「買入」評級。
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