《大行》大華繼顯升吉利(00175.HK)目標價35元 籲買入
大華繼顯研告報告指,吉利(00175.HK)(GELYY.US)今年第26周電動車保險登記按年升約1.03倍至約3.28萬宗,今年首26周累計零售銷售約56.89萬輛。批發銷售於6月創新高,按年升42.1%至約23.6萬輛,帶動上半年批發出貨量按年升47.4%至141萬輛,為全年目標的52%。集團目標全年銷量達300萬輛,尤其是由主品牌吉利及海外擴張推動。該行認為,隨著集團拓展埃及、印尼及越南市場,加上將有10款以上的新電動車型,以及品牌重整後的成本協同效應,即使在競烈的價格戰中,集團發展仍然順利。
該行將吉利2025、2026及2027年銷售預測分別上調11%、13%及10%至300萬、360萬及430萬輛,核心淨利潤預測分別上調12%、9%及5%至138.9億、165.6億及203.5億元人民幣,目標價由31元升至35元,予「買入」評級。
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