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大行評級|招銀國際:上調途虎目標價至26港元並重申“買入”評級 科技賦能汽車服務
格隆匯 12-09 10:40
招銀國際發表報吿,認為途虎作為行業龍頭的獨立汽車服務商有望在中國車齡增長、消費偏好理性化的趨勢中獲益,且科技賦能汽車服務。同時認為途虎的門店網絡擴張足以抵消潛在的單店增長壓力,而自有自控產品佔比的提升對公司的利潤和利潤率均有正面幫助。途虎是宏觀經濟波動中很好的防禦性標的,將其作為本次2025年度策略中汽車服務板塊的首選標的。考慮到近期消費回暖,招銀國際上調途虎今年和明年的收入預測1至2%,達到149億元和171億元,毛利率分別改善至26%和26.8%,上調經調整淨利潤3%至5%至約7.9億元和11.5億元。該行重申“買入”評級,考慮到近投資情緒的改善,目標價由23港元升至26港元。
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