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研報掘金|中金:下調長城汽車的A/H股目標價 近期板塊估值承壓
中金髮表報吿指,長城汽車第二季營業收入485.7億元,按年增18.7%;淨利潤38.5億元,按年增224.4%,業績符合該行預期。報吿指,今年尚為公司的新能源產品蓄力期,期待明年公司混動與純電產品共同發力,以更強的產品週期加速新能源轉型。另外,公司近年在部分海外市場份額領先,規劃巴西、墨西哥等拉美國家為下一個重點區域市場,公司擅長的越野車、皮卡車與當地消費需求較契合,預計有望成為重要增長點。中金維持長汽今明年盈利預測,維持“跑贏行業”評級,考慮近期板塊估值承壓,下調A/H股目標價各10%和12%至33元人民幣和15.8港元。
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