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《大行》中銀國際升吉利(00175.HK)目標價至32元 料有望挑戰龍頭地位
中銀國際研究報告指,吉利汽車(00175.HK)次季收入按季增長7.3%,而銷量則持平。核心淨利潤由首季35億元微降至32億元人民幣(下同),大致符合預期。該行看好吉利有望繼續縮小與當前電動車龍頭的差距,基於其國內市佔率持續擴大、海外擴張即將開展,以及智能電動車技術的領導地位。 該行維持2025年淨利潤預測150億元不變,同時將2026年淨收入預測上調13%至200億元,以反映銀河系列和海外銷量預測上調,以及「一個吉利」戰略深化和規模擴張帶來的利潤率前景改善。該行指目前吉利估值明顯折讓,尚未充分反映其有望在可見未來挑戰比亞迪(01211.HK)主導地位的潛力。重申「買入」評級,目標價由29港元上調至32港元。
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