《大行報告》中金首予途虎-W(09690.HK)「跑贏行業」評級 目標價53.5元
中金髮表報告,首次覆蓋途虎-W(09690.HK),予「跑贏行業」評級,目標價53.5元。該行認爲,與新車市場相比,二手車市場具有抗週期的特點,內地車主人數穩定上升,而年期較久的乘用車佔比增加,預期每輛汽車的平均維修開支將會上升,估計至2027年,內地汽車售後市場規模達到1.9萬億元人民幣,即自2022年起複合年增長率達9%。
報告指,途虎自2014年開始,開拓線上及線下業務模式,由店鋪至供應鏈達到全面管理,提供全面服務,有別於傳統汽車維修商,穩定的管理模式提供核心競爭力,未來在新業務有更大增長空間,例如電池維修等。
該行預期公司今明兩年的每股盈利分別爲0.41元及1.16元人民幣,收入分別爲136.3億及164億元人民幣。
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.