《大行報告》摩通:長汽(02333.HK)次季經常性盈利遜預期 評級「中性」
摩根大通發表報告指,長城汽車(02333.HK)發盈喜料上半年盈利按年上升50%至67%,至介乎53億元至59億元人民幣,較該行預期的33億元人民幣高超過60%。不過,若撇除非常規項目,集團上半年的基礎核心盈利僅為18億元至23億元人民幣,按年下跌19%至37%,並意味其第二季持續性盈利只有5億元至10億元人民幣,明顯低於預期的16億元人民幣。
該行相信,盈利表現遜預期主要由於內地封城及供應鏈受影響,令集團次季銷售按季下跌17%,加上開支增加,尤其是研發、銷售及推廣支出。
摩通下調長汽今明兩年核心盈利預測7%至9%,反映今年次季表現疲弱,股份評級維持「中性」,目標價12.5元。
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.