研報掘金丨東方證券:維持上汽集團“買入”評級,目標價21.4元
東方證券研報指出,上汽集團(600104.SH)2月終端銷量約30.6萬輛,較2月批發銷量高出近1.1萬輛。改革初見成效,2月自主品牌銷量同比高增,新能源車及海外市場表現亮眼。從前兩月銷量看,上汽自主板塊改革已初見成效,隨着公司自主改革以及與華爲的合作繼續推進,預計自主品牌銷量及品牌影響力將有望繼續向上。新車方面,新款途昂Pro於2月17日亮相,預計將於3月上市;新款凱迪拉克CT5於3月1日上市,限時一口價21.59萬元起,搭載MRC 電磁懸架、mLSD 機械式限滑差速器、Brembo高性能制動系統、米其林PS4S 輪胎等高性能駕控配置。該行預測2024-2026年EPS分別爲0.15、1.07、1.16元,維持可比公司25年PE平均估值20倍,目標價21.40元,維持“買入”評級。
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