《大行報告》星展降吉利(00175.HK)目標價至10.8元 強化新能源汽車策略推動增長
星展發表報告指,吉利汽車(00175.HK)有加強新能源汽車業務戰略的空間。集團的高端電動汽車品牌極氪在2023財年的電動汽車出貨量約為11.9萬輛,比14萬輛的目標低約15%。但在2023年,吉利推出了中價位電動車品牌銀河,並在7月至12月23日期間交付約8.35萬輛,由於營運歷史較短,交付量令人鼓舞。
星展將吉利汽車2024年目標市盈率由18倍下調至15倍,以反映宏觀不確定性。同時預計吉利汽車2024財年的核心淨利潤將增長28%。維持「買入」評級,因估值具有吸引力,且盈利增長可觀。目標價由13.2元下調至10.8元。
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