《大行報告》瑞信:吉利(00175.HK)2月批發銷量按月跌46% 跑輸全行業平均值
瑞信發表研究報告指,吉利汽車(00175.HK)日前公佈2月份銷售數據,批發銷量按月跌46.4%至78,478輛,按年計增長1.6%,低於市場預期,對比中國汽車工業協會預測2月份市場銷量將按年增長14%,按月下降34%,吉利上月表現跑輸整體汽車行業。
吉利將2月份銷售的遜色歸因於蘇州疫情導致部分零部件供應短缺,並預期半導體供應3月份將見改善,有利於未來銷售。該行估計,吉利2月國內零售量爲約7萬輛,出口量爲9,851輛,預期經銷商庫存保持穩定。
談及市場對俄羅斯相關收入的擔憂,吉利迴應指以俄羅斯盧布計值的所有收入已被金融對衝產品所覆蓋,預期近期盧布貶值的影響非常有限。瑞信指出,吉利在俄羅斯沒有製造基地,所有銷售都從中國出口。瑞信予吉利「中性」評級,目標價26元。
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