大行評級|中銀國際:維持吉利汽車“買入”評級 戰略整合後盈利將加速釋放
中銀國際發表報吿,吉利汽車在戰略整合後將產生巨大的協同及財務效應,有助集團盈利加速釋放,維持其“買入”評級,目標價為19港元。該行稱,在與吉利舉行交流會議後,管理層在會議中解答有關對於極氪領克業務整合、吉利銀河增長前景、明年出海展望等問題,認為這加強對集團後續盈利釋放的信心。該行預計,新極氪品牌在整合完成後會加快吉利汽車未來兩年的收入增長及利潤釋放,實現高質量電動化轉型。該行又稱,管理層目標在合併後新極氪於2026年有望挑戰100萬輛年交付量及百億元淨利潤,雖然認為2024至2026年銷量翻番的目標似乎頗具挑戰性,但認為業務整合後帶來的成本與營運開支節省有望協助極氪在2026年實現百億盈利目標。
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