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大行評級|花旗:預期美汽車關税溢出效應促使德國車廠與中國部件商加強合作
格隆匯 04-08 10:12
花旗發表報吿,指大多數中國汽車零部件供應商可通過將生產轉移到美國或墨西哥來減輕關税影響,受惠之前的產能佈局,其中敏實、均勝電子及華陽因淨關税曝險相對較低而最具韌性。然而,該行預計需求端會受某些間接影響,供應鏈成本也會上升。該行預期,關税溢出效應或促使德國車廠與中國的高級駕駛輔助系統和技術解決方案提供商,建立更緊密聯繫並改進其產品,可能有利中升控股、美東汽車、永達汽車及華晨中國長期增長前景。股票推薦方面,基於中德相關主題的買入建議包括華晨中國、中升、美東汽車及永達汽車。此外,比亞迪、零跑汽車、吉利、禾賽科技及地平線作為買入推薦。汽車零部件方面首選敏實,因其估值吸引、全球佈局帶來的利潤韌性及人形機器人計劃。
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