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研報掘金|國泰君安:維持濰柴動力“買入”評級 上調目標價至17港元
國泰君安發佈研究報吿稱,維持濰柴動力“買入”評級,微調2023-2025年每股盈利至人民幣1.039元/1.37元/1.638元,目標價上調至17港元。公司預計2023年實現歸屬於母公司股東的淨利潤為85.8億-93.2億元,同比大增75%-90%,大致符合此前預期。公司目前正在加快WP發動機、甲醇發動機、氫內燃機等新能源動力總成的研發和應用。在進取的股權激勵目標加持下,有望擴大公司的領先優勢,進一步促進產品在國內外市場的銷售。自2023年以來,天然氣重卡銷量放量和持續高景氣出口帶動重卡行業復甦。2023年中國重卡銷量(含出口)合計約91萬輛,同比增長35.6%。該行預計2024年重卡行業將延續復甦態勢。公司是中國重卡動力總成的龍頭,因此該行持續看好其在重卡柴油引擎和高功率和大缸引擎的行業領先優勢,全球市佔率將穩步提升。公司將顯著受益於行業結構調整帶來的新機遇。
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