《大行》美銀:收購極氪對吉利汽車(00175.HK)有利 目標價21.6元維持「買入」
美銀證券發表報告指,吉利汽車(00175.HK)日前宣布收購極氪(ZK.US)所有在外已發行的普通股及美國存託股票(ADS),股東可選擇接收現金及吉利等價股份,當中每股普通股及每股ADS分別可獲轉換為2.687美元及26.87美元。而吉利5月份時亦曾提出收購,當時作價每股普通股及每股ADS分別為2.566美元及25.66美元,即是次收購價較上次高4.7%。
該行認為,此次合併將使吉利全資掌控極氪與領克(Lynk)品牌,對吉利有正面影響,因集團可整合研發資源,如汽車設計、智能車廂及與輔助駕駛等;多品牌營銷可更有效率及具協同效應,而簡化股權結構亦可以提升集團管理效率;維持「買入」評級,目標價21.6元,看好其穩健銷量表現與新車型週期帶動的增長動能。
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