You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》瑞信下調東風集團(00489.HK)目標價至6元 評級「跑贏大市」
瑞信發表評級報告指,即使廣汽集團(02238.HK)今年第三季銷量按季升25%,惟淨利潤則按季跌16%至23億元人民幣;即使銷量按季增加兩成,廣汽來自分別與豐田/本田合營的投資收益按季倒退12%至38億元人民幣。換言之,廣汽與豐田/本田合營上季利潤率下跌。 該行指,即使東風集團(00489.HK)近期銷量增長良好,其利潤率或面臨類似下跌情況,加上集團的主要利潤均來自於旗下兩個分別與日產/本田合營,上季兩合營銷量分別按季升34%及35%。 該行預料,由於利好政策將會撤銷,例如汽車購置稅減免5%,故明年內地汽車行業整體銷量或有雙位數跌幅;同時將東風集團在2022年至2024年每股盈測各下調6.2%至27%,並下調銷量及毛利率預測,目標價相應由10.3元下調至6元,維持其評級為「跑贏大市」。
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.
uSMART
Wealth Growth Made Easy
Open Account