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大行評級 | 高盛:大幅上調長汽(2333.HK)目標價至31.9港元 評級升至中性
格隆匯12月16日丨高盛發表報告,指長汽(2333.HK)增長前景合理,評級升至“中性”,目標價由5.96港元大升至31.9港元。 高盛預計,長汽在中國乘用車市場的銷量份額將從2020年的6%擴大到2025年的8%。受轉移到高平均售價的細分市場帶動下,長汽的平均售價將從2020年的9.3萬元人民幣擴大到2025年的12.5萬元人民幣,因此料經營利潤率將從2021年的3.8%擴大到2023年的6.9%。然而,由於長汽擁有經銷商,其長期利潤率將低於純電動車製造商。該股現報27.75港元,總市值2562.8億港元。
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