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大行评级|美银:上调长汽目标价至16.9港元 首季业绩表现强劲
格隆汇 05-17 12:33
美银证券发表研报指,长汽今年首季业绩表现强劲,主要是受到产品结构改善及海外市场销售增长的带动,当中高利润率的Tank品牌、皮卡产品及海外市场销售贡献提升,均有助于驱动利润增长。该行指出,长汽在中国市场的盈利能力相对稳定,降价幅度较同业小,预计集团今明两年毛利率水平可保持在20%左右。去年10月至今长汽的股价已累升超过30%,考虑到海外销售和Tank带来的利润贡献增加,该行将今明两年盈利预测分别上调15%及13%,目标价从13.8港元上调至16.9港元。美银预期,集团的出口销售占比可能会从2023年的26%,提高至今年的30%以上,推动盈利进一步提升,重申“买入”评级。
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