《大行報告》花旗下調東風集團(00489.HK)目標價至6.03元 評級「買入」
花旗發表報告指,考慮到內燃機(ICE)銷量低過預期和經濟衰退風險增加,將東風集團(00489.HK)2023年至2025年銷量預測,分別由280萬輛、290萬輛及320萬輛,下調至200萬輛、190萬輛及180萬輛。因此將2023至2025年合資公司或聯營公司投資收入預測下調34至59%,分別至82億、70億及60億人民幣。2023年至2025年毛利率假設分別爲11.8、13.3及14%,淨利潤預測由122億、143億及138億人民幣,分別下調至69億、70億及80.4億人民幣。目標價由10.21港元降至6.03港元。維持「買入」評級,以反映具吸引力的風險回報。
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