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研報掘金丨長江證券:徐工機械有望迎來價值重估,維持“買入”評級
格隆匯 04-16 16:06
長江證券研報指出,當前徐工機械(000425.SZ)的收入利潤結構中,海外增量貢獻佔比越來越高,24H1海外收入、毛利潤佔比分別提升至44%、47%。公司堅定不移推進“國際化主戰略”,形成了出口貿易、海外綠地建廠、跨國併購和全球研發“四位一體”的國際化發展模式,近年來海外份額有所提升但依然較低,全球化拓展空間廣闊並有望帶動盈利能力中樞提升。當前工程機械行業國內、海外景氣趨勢向上,伴隨公司國際化、拓品類、提質量多措並舉,有望迎來價值重估,維持“買入”評級。
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