大行評級|星展:上調長城汽車目標價至16.3港元 上調今明兩年盈測
星展的研究報吿指,長城汽車次季盈利按年升224%至39億元,毛利率升3.6個百分點至17.5%。該行料長汽海外擴張會成為強勁的增長動力,巴西的廠房會在今年下半年投產。另外,公司的Tank品牌成主要的銷量動力,上半年的銷售錄得按年升75%至15.1萬輛,預期下半年推出的新車型也會為另一增長動力,預期系列全年銷量會逾按年50%的升幅,達24萬輛,以支持全年毛利率在約20%水平。星展考慮到中期業績及亮麗的海外銷售,上調今明兩年的盈利預測分別26%及31%,目標價由15港元升至16.3港元,維持“買入”評級。
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