《大行》高盛升广汽(02238.HK)目标价至2.6元 下调盈测

阿斯达克财经
24 Feb

高盛发表报告指,广汽集团(02238.HK) 上月预告去年纯利料介乎8亿至12亿元人民币,按年跌73%至82%,较该行预估中位数大幅低出73%。这意味去年末季纯利介乎6.8亿至11亿元人民币,对上财年同期则蚀8,200万元人民币,惟较预估中位数低75%。据公司解释,去年纯利按年下降主因汽车销量按年减少(降幅20%),以及在行业竞争激烈下销售补贴开支达180亿元人民币。

考虑业绩预告,高盛降广汽去年盈测70%,并降今明两年盈测介乎2%至5%,以反映行业竞争持续及广汽销量料续下降。该行延展估值基础一年,H股目标价相应由2.4港元升至2.6港元,重申“中性”评级。(da/u)

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