瑞银:料长安汽车、长城汽车是购置税减免政策主要受惠者
瑞银发表报吿指,国务院常务委员会已制定一篮子经济稳定措施,其中在汽车市场已宣布暂时减免汽车购置税达600亿元人民币。该行表示,虽然于4月汽车销量下降超过40%后,市场已讨论潜在的刺激措施,但令市场惊讶的有关的汽车购置税优惠,是有助于汽油车而非电动车,因后者已经免除购置税。
该行相信,类似于2009年和2015年的政策是最有可能出现的情境,即暂时将发动机小于1.6升的汽车的购置税,由10%下降至5%,此将更倾向于帮助相对低档的汽车购买者。瑞银又称,政策帮助汽油车而非电动车,或为了避免于过热的电动车市场进一步推高锂价格。
瑞银预期,长安汽车(000625.SZ)、长城汽车(2333.HK)及吉利(00175.HK)会是政策的潜在主要受惠者,因三企约分别70%、60%及50%的汽车为1.6升以下。该行维持长汽股份“买入”评级,目标价16港元。
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