x 广告
x 广告

招银证券:给予吉利汽车(00175.HK)“增持”评级 目标价14.50港元

时间:2023-07-03 17:37:10 来源:同花顺金融研究中心


(相关资料图)

招银证券7月3日发布公告。Earnings/Valuation. We expect Geely’s net profit to rise63%YoY to RMB4.6bn in FY24E, driven by NEV sales ramp-up. We value Zeekr at2.0x (prior2.5x FY23E) FY24E core revenue (excluding Viridi’s battery pack sales and R&D services), which would result in HK$100bn for100% Zeekr’s valuation. We lower our price multiple due to rising competition. We value Geely’s all other businesses excluding Zeekr at15x (prior14x FY23E) our FY24E P/E. We maintain our BUY rating and cut target price slightly from HK$15.00to HK$14.50(SOTP valuation with details in Figure4). Key risks to our rating and target price include lower sales volume, especially NEVs, than we expect.

关键词:

Copyright @  2015-2022 中国IT产业网版权所有  备案号: 沪ICP备2022005074号-4   联系邮箱:58 55 97 3@qq.com