研報掘金丨華泰證券:中國重汽業績高增 有望受益於出口強勁增長 看好景氣向上
格隆匯7月3日丨華泰證券研報認為,中國重汽預吿2023年上半年歸母淨利同比增長45%~65%至4.65-5.29億元,符合市場預期。23年6月我國重卡出口同比增長超50%,跑贏重卡總銷量增速。我們認為重卡出口市場具備長期增長邏輯,主要出口目標國家家本土無強勢品牌,而我國重卡品牌性價比高,有望持續突破市場。重汽集團已連續18年保持重卡出口第一,憑藉成熟的渠道售後體系、較強的品牌認知,佔據45%-50%的出口份額。我們認為隨着公司出口產品類型不斷豐富、提升海外營銷售後能力,出口有望持續貢獻顯著業績。維持中國重汽買入評級,目標價為22.80元。
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