《大行報告》花旗:內地減汽車購置稅屬重大驚喜 料可刺激額外需求 吉利及長汽最受惠
就國務院常務會議公布推出6方面33項具體措施穩住經濟基本盤,其中包括階段性減徵部分乘用車購置稅600億元人民幣等,花旗發報告估計措施足以支持將內燃機(ICE)車購置稅稅率減半(從目前的10%降至5%),期限為1.5年。
該行認為,若今年6月上旬開始實施這一刺激措施,將給中國內燃機汽車行業帶來200萬至250萬的增量需求,是一個重大而積極的驚喜,預計吉利(00175.HK)和長城汽車(02333.HK)最受益於此次刺激措施,市場可能會將車股的選股偏好從新能源汽車和上游相關公司,轉向傳統的內燃機汽車行業。
花旗重申對吉利「買入」投資評級,目標價由14.96元上調至17.89元,料公司今年毛利率為16.8%,料至2023年及2024年分別擴闊至19.8%及19.9%。
此外,中國汽車工業協會於今年1月曾預測,2022年中國汽車新車銷量將達到2,750萬輛,按年增長5%左右;估計乘用車銷量2,300萬輛,按年增長7%。
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