《大行報告》中金下調吉利(00175.HK)目標價至15.6元 因行業估值中樞下移
中金髮表研究報告指,吉利汽車(00175.HK)10月份銷量達15.23萬輛,按年增長36%,當中雷神與極氪車型銷量延續上升趨勢,10月份表現亮眼,極氪更是連續三個月創單月交付新高,自上市以來累計交付逾5.56萬輛,10月極氪001交付量突破1萬輛,成爲首個實現單月交付破萬的中國純電豪車品牌。
極氪首款純電豪華MPV極氪009於11月正式上市,公司預期可於明年1月正式交付。中金錶示,看好極氪邁入品牌發展全新階段,料將引領吉利的高端電動品牌向上突破,另外亦看好雷神混動帶動吉利加快全面向電氣化、智能化轉型。
幾何E/C順利在拉美市場發佈,同時領克01完成整車出口歐洲常態化。中金看好吉利可進一步打開海外新能源汽車和高端車型市場,期待海外業務貢獻提升。
該行維持今明兩年盈利預測及「跑贏行業」評級不變,但由於板塊估值中樞下移,目標價下調31.9%至15.6元,對應今明兩年預測市盈率約21.9及15.1倍。
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