《大行報告》摩通升中國重汽(03808.HK)評級至「中性」 目標價上調至10.5元
摩根大通發表報告指,中國重汽(03808.HK)2022財年業績分別較該行及市場低20%和13%,這是受到HDT(重型卡車)需求低迷的拖累,令利潤率收縮。在業績發布會上,公司管理層強調了包括海外戰略和中高端產品在內的舉措。該行認為,由於中國固定資產投資前景改善,今年行業重卡銷量可能會反彈20%,達到約79.7萬輛。
該行同意中國重汽管理層的預期,並料由於HDT需求復甦及公司加強市場地位,相信集團今年將出現連續改善。集團的股價年初至今已上漲11%,鑑於HDT市場企穩,將其評級由「減持」上調至「中性,又預計其盈利在連續兩年下滑後將在今年反彈,並降2023財年盈測9%,目標價由6.5元上調至10.5元。在中國汽車品牌中,該行首選仍然是比亞迪(01211.HK)和中升控股(00881.HK)。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.