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中金:上调中国重汽(3808.HK)目标价12.5%至18港元
格隆汇 12-18 16:13

中金公司发表研究报告指,中国重汽(3808.HK)由于与潍柴动力(2338.HK)合作,出售销售零部件及自潍柴采购采购零部件,有助进一步扩大重型卡车的市场分额。该行上调其目标价12.5%至18港元。

中金表示,潍柴于2020年销售柴油发动机予中国重汽,对中国重汽本身发动机业务的盈利能力影响有限,但这项协议有助改善中国重汽成品车的盈利能力。

中金又指,中国重汽轻型卡车及乘用车的亏损或超于预期,故下调2019年净利润预测2.8%,但随着基建支出及打击超载,重型卡车(HDT)需求量增加,料2020年净利润增加6.7%。

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