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《大行報告》摩通一舉升華晨(01114.HK)評級至「增持」 目標價大幅上調至5.8元
摩根大通發表報告指,大多數投資者都認為,內地汽車行業的盈利可見度較低,尤其是在競爭可能只會加劇的新能源汽車領域。因此該行認為股息率具有吸引力的汽車股,今年表現可能會較好,尤其是在第二季度的除息季。 該行指,在原始設備製造商中,華晨中國(01114.HK)目前的估值處於歷史低位,僅相當於預測市賬率0.4倍及預測市盈率2倍,但股息率料達約15%。同時,該行相信華晨從寶馬合資公司獲得的核心盈利將抵禦行業逆風,因此將其評級由「減持」一舉升至「增持」,目標價由2.8元大幅上調至5.8元。 報告稱,除華晨外,偏好比亞迪(01211.HK)及零跑(09863.HK);並指等待對小鵬-W(09863.HK)更佳的切入點,料其下半年銷量及利潤率將開始改善。
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