花旗:升吉利(0175.HK)目標至17.89港元,受惠減乘用車購置税
中國國務院總理李克強日前主持召開國務院常務會議,進一步部署穩經濟一攬子措施,其中包括增加對企業退税,以及減徵部分乘用車購置税600億元。花旗發表研究報吿指,如果從6月上旬開始實施這一刺激措施,將為該行業帶來200-250萬的增量需求,這將是一個重大而積極的驚喜,預期吉利汽車(0175.HK)及長城汽車(2333.HK)將為主要受惠者。該行維持吉利“買入”評級,目標價由14.96港元上調19.6%至17.89港元,市場可能會將偏好從新能源汽車和上游相關公司轉向傳統的汽車行業。
該行指,由於第二季封城、成本上升、零部件短缺及極氪汽車的初始虧損,將吉利今年純利預測下調50%至29億元,但上調2023及24年純利預測至63億元及91億元。又預期2023及24年毛利率將由今年的16.8%提升至19.8%及19.9%。該行又預期,極氪淨虧損將於2023年開始大幅收窄,2023及24年平均銷量達12.9萬及21.9萬輛。

Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.