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研報掘金丨海通證券:維持濰柴動力“優於大市”評級,目標價19.72-22.76元
格隆匯 03-05 14:23

海通證券研報指出,大缸徑柴油機作爲AIDC的重要備用電源,近期隨AI基建的不斷投入,行業迅速發展。濰柴動力(000338.SZ)是大缸徑柴油機主流廠商,在研發和市場方面持續投入,產品已經具有全球競爭力。看好公司在下遊高速發展的背景下,不斷進行國產替代帶來的業績增長。作爲國內柴油機頭部企業,濰柴在發展AIDC柴發上具有規模優勢。看好AIDC柴髮帶動公司的業績增長。同時,認爲2025年國內重卡市場有望溫和復甦,濰柴重卡鏈業務的基本盤有望進一步夯實。考慮到公司爲行業龍頭,確定性較強,參考可比公司,給予公司2025 年13-15 倍PE,合理價值區間19.72-22.76元,維持“優於大市”評級。

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