分析員
主要指數



重點要聞
公司更新 | 吉利汽車(175 HK/買入/港幣14.97元/目標價:港幣29元)
吉利可能無法達成2026年345萬輛的銷量目標。該公司目標在1至2年內,透過iHEV、極氪(Zeekr)及海外產能,將出口量由約100萬輛倍增至200萬輛。每輛車的純利將受惠於高端車型及出口佔銷量比例的提升而有所增長。綜合而言,基於單車利潤較高但銷量預測較低的假設,我們將2026年每股收益上調7%、維持2027年每股收益不變,並將2028年每股收益下調3%。維持「買入」評級;目標價:港幣29元(相當於10倍2027年預測市盈率 )。
重點要聞
公司更新 | 吉利汽車(175 HK/買入/港幣14.97元/目標價:港幣29元)
吉利可能無法達成2026年345萬輛的銷量目標。該公司目標在1至2年內,透過iHEV、極氪(Zeekr)及海外產能,將出口量由約100萬輛倍增至200萬輛。每輛車的純利將受惠於高端車型及出口佔銷量比例的提升而有所增長。綜合而言,基於單車利潤較高但銷量預測較低的假設,我們將2026年每股收益上調7%、維持2027年每股收益不變,並將2028年每股收益下調3%。維持「買入」評級;目標價:港幣29元(相當於10倍2027年預測市盈率 )。
IMPORTANT NOTICE - DISCLOSURES AND DISCLAIMERS
This report is provided subject to, and must be read together with, the full Disclosures / Disclaimers available at this link, which are incorporated by reference into this report. In particular, this report is intended for general circulation and informational purposes only and does not constitute personal investment advice or a recommendation to buy or sell any investment product or security. You should independently evaluate the information and, where necessary, seek advice from a qualified financial adviser regarding the suitability of any investment. Analyst certifications required under applicable regulations, including SEC Regulation AC (where relevant), are included in this report. By accessing, receiving or using this report, you acknowledge that you have read, understood and agreed to be bound by the Disclosures / Disclaimers, as may be amended, supplemented or updated from time to time.




