大行評級|高盛:上調廣汽集團目標價至2.6港元 重申“中性”評級
高盛發表報告指,廣汽集團上月預告去年純利料介乎8億至12億元,按年跌73%至82%,較該行預估中位數大幅低出73%。這意味去年末季純利介乎6.8億至11億元,對上財年同期則蝕8200萬元,惟較預估中位數低75%。據公司解釋,去年純利按年下降主因汽車銷量按年減少(降幅20%),以及在行業競爭激烈下銷售補貼開支達180億元。
考慮業績預告,高盛降廣汽去年盈測70%,並降今明兩年盈測介乎2%至5%,以反映行業競爭持續及廣汽銷量料續下降。該行延展估值基礎一年,H股目標價相應由2.4港元升至2.6港元,重申“中性”評級。
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