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《大行報告》瑞信下調汽車之家(02518.HK)目標價至68元 評級「跑贏大市」
瑞信發表報告指,汽車之家(02518.HK)去年第四季總收入按年升11.8%至18.9億美元,較預期高出2%;由於內容成本增加,集團毛利率按年跌4個百分點,至80%,而非通用會計準則(Non-GAAP)計純利6.69億元人民幣,較該行及市場預測分別高出11%及24%,主要受惠營運支出減省。 該行預料,在汽車市場疲軟下,集團今年總收入按年升4%至72億元人民幣,媒體服務收入按年升6%,並將毛利率預測下調至28.6%。該行將集團在2023年至24年每股盈測下調3%至4%,並將其H股目標價由70元下調至68元,維持其評級為「跑贏大市」。
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