《大行報告》大和下調中升(00881.HK)目標價至65元 評級「買入」
大和發表報告指,中升控股(00881.HK)因去年疫情再次爆發,導致收入和毛利率遇阻,該行預計其今年銷售和毛利率回升,管理層對今年新車銷售復甦持正面態度。該行重申予中升「買入」評級,惟目標價由80元下調至65元,以反映去年業績低迷及預期的利潤率壓力,
該行表示,基於集團的最新指引,上調其今年新汽車銷售增長至19%,惟下調2023至24年的收入預測7%至9%。考慮到今年店內客流量的改善和更健康的庫存水平,將今年集團的新車利潤率預測上調0.2個百分點至3.7%。
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