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《大行報告》瑞信下調汽車之家(02518.HK)目標價至70元 評級「跑贏大市」
瑞信發表報告,預計汽車之家(02518.HK)去年第四季總收入按年增長10%至18.7億人民幣。在良好地控制營運成本下,經調整淨利潤可能達6億人民幣。 瑞信預計,汽車之家今年第一季收入大致持平,媒體服務在低基數上僅有9%的增長,因為需求在12月被提前反映,由早期購置稅補貼等在年底前到期推動。考慮到汽車市場不景氣,將今年收入增長預測由7%降低到4%。經調整淨利潤預計將保持穩定,料為22億人民幣。 由於汽車市場前景疲軟,瑞信大致維持去年每股盈利預測,並將之今明兩年每股盈利預測降低3至4%。目標偵由73港元降至70港元,評級維持「跑贏大市」。
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