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研報掘金|華泰證券:下調中升控股目標價至17.07港元 維持“買入”評級
格隆匯 04-08 13:46
華泰證券發表報告指,中升控股2024年營收和淨利爲1681億及32億元,按年跌6%及36%。其中,2024年下半年營收及淨利各爲857億及16億元,按年跌12%/19%。該行指,去年市場價格競爭加劇,經銷商行業普遍承壓,但認爲今年公司積極擁抱新能源車企,與賽力斯合作深化是差異化競爭優勢,店效提升下行業龍頭業績或迎修復。鑑於傳統中高端及豪華車品牌或仍將面臨份額下滑及價格競爭風險,該行下調中升2025-2026年淨利預測31%及19%,各至39.4億及49.4億元,預計公司2027年淨利潤爲58.3億元。華泰證券將中升目標價由20.4港元降至17.07港元,維持“買入”評級。
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