《大行報告》富瑞下調吉利(00175.HK)目標價至12.2元 評級「買入」
富瑞發表報告指,吉利(00175.HK)上半年業績符合預期,營業收入和淨利潤分別按年增長25.8%和 1.3%,至732億和16億元人民幣。毛利率爲14.4%,按季增長0.7個百分點。
報告指,吉利汽車堅持向新能源汽車轉型。由於吉利汽車的新能源汽車產品尚未實現規模效應,且定價策略進取,該行將其今明兩年盈利預測分別下調至45億和68億元人民幣,以反映利潤率前景走弱。
不過,該行認爲,雖然吉利短期盈利出現波動,但公司在向新能源汽車轉型方面進展順利,新車型強勁訂單勢頭就是證明。因此維持「買入」評級,目標價由14.6元下調至12.2元。
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