《大行報告》富瑞上調重汽(03808.HK)目標價至15.39元 評級「買入」
富瑞發表報告指,中國重汽(03808.HK)管理層於展望路演中預期,去年中國的重型卡車銷量將按年下跌50%至70萬架,但料今年則可按年增15%至20%,銷量估計介乎80萬至90萬架。
另一方面,隨著去年12月銷量按月增長16%至約5.4萬架,中國重汽管理層預計重型卡車市場將於今年轉勢,主因疫情政策改變後,基礎設施的固定資產投資及房地產市場反彈,加上出現新的替換周期。
富瑞上調重汽股份目標價,由12.95元升至15.39元,相當於預測今年市盈率9倍,維持「買入」評級,並調升集團2022年及2023年盈利預測各至26億元及39億元人民幣。
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