《大行報告》麥格理首予濰柴動力(02338.HK)「跑贏大市」評級 納入買入名單
麥格理發表研究報告指,中國重型貨車的升級週期將持續,當中液化天然氣或柴油價格折扣將會擴大,並帶動濰柴動力(02338.HK)的優異表現持續。
另外,濰柴動力作為中國最大的重型貨車及液化天然氣貨車引擎製造商,公司亦為重型貨車供應鏈製造動力系統、變速箱以及車軸,該行預計公司受惠於重型貨車的升級換代以及液化天然氣滲透率提高等因素。
麥格理亦提到濰柴動力擁有環境的資產負債表,公司過去的經營現金流佔淨利潤的200%-400%。不過受累於產業下行週期,公司2022年的業績除外。該行估計公司的股息比率約為4%,派息比率高於50%。因此麥格理將濰柴動力納入買入名單,首予「跑贏大市」評級,目標價看21.6元。(js/k)
~
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.