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《大行報告》匯豐研究降長城汽車(02333.HK)評級至「持有」 削目標價至8.3元
匯豐研究發表報告指,根據早前公布的盈利預告,長城汽車(02333.HK)去年純利約83億元人民幣,較該行預期低出24%。 該行表示,高估了長汽去年第四季的銷量復甦,並可能低估集團的銷售、一般及行政開支,因其持續投資於品牌。 匯豐研究下調長城汽車H股評級,由「買入」降至「持有」,H股目標價由17.8元大幅調低至8.3元,並削集團今明兩年收入預測18%至19%,純利預測分別降36%及38%,以反映銷量假設下調及開支假設上調。報告指長汽向電動車轉型需時,銷量及盈利壓力將壓抑股價。
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