华晨中国（01114）早盘逆市上扬，股价上涨6.60%，现报3.39港元，成交额1.24亿港元。
此前，花旗发布研究报告称，由于中国汽车第四季需求强劲如预期，市场担忧包括至2025年首季度时销售量不及预期、以旧换新政策是否延期及价格战2025年上半年或再启动。花旗认为，投资者应根据2025年销售预期而不是当前订单动能进行定价。对以市销率估值股份，如投资者情绪变差，低于0.8倍的平均值将有一定的下行风险。
花旗表示，公司层面，更偏好比亚迪股份及华晨中国。对于比亚迪/吉利汽车/零跑汽车，基于目前的订单量轨迹，该行预期2024年底将有强劲的订单积压，可抵销2025年年初的汽车销售淡季，至2025年3月及第2季推出强劲车型前支撑估值。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.