《大行報告》大和下調濰柴(02338.HK)目標價至10.5元 評級「持有」
大和發表報告指,濰柴動力(02338.HK)2022年第二季盈利好過預期,不過毛利率按季下降,由於重型卡車收入減少及歐洲能源危機,下調對其2022年至2024年的收入預測,將每股盈利預測下調35%-38%,目標價由13元下調至10.5元,維持「持有」評級。
濰柴管理層預計,在更多的基礎設施項目下,內地重型卡車市場將在2022年下半年保持穩定,同時可能在2023年初恢復。大和相信下半年需求指引疲弱,到2023年初會復甦高度不確定,因為內地因應疫情斷續地有封鎖。
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