大摩:升廣汽(2238.HK)評級至增持 指調整後估值吸引
摩根士丹利發表報告指,廣汽集團(2238.HK)H股年初至今已累跌33%,對比同期恆指為下跌17%,經過調整後,集團一年預測市盈率降至約8.5倍,低於自2013年以來的9.5倍。至於撇除新型肺炎一次性影響的2021年市盈率,更低至7.2倍,相信集團目前估值是主要反映對疫情的憂慮。
該行相信,廣汽集團今年首季的疲弱表現已被市場預期,而其終端需求有強勁復甦,特別是日本合營品牌,令集團目前估值吸引。
大摩上調廣汽(2238.HK)H股評級,由與大市同步升至增持,目標價9港元。
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