智通财经APP获悉，招银国际发布报告称，维持美东汽车(01268)“买入”评级，将集团今年净利润预测上调21%至4.94亿元人民币，将其目标价上调至3.2港元。该行认为，美东现阶段后高库存周转的重要性或被低估，去年盈利韧性部分得益于其高库存周转策略(13日)，惟有关优势可能被许多投资者忽视。
报告中称，美东汽车去年下半年核心利润符合预期，收入高于预期，主因售后服务收入较预期高11%;毛利率较预测低0.5个百分点，因期内新车毛利率较去年上半年进一步恶化，较该行预期低2.2个百分点。剔除减值及汇兑损失后去年下半年税前利润为1.19亿元人民币，较去年上半年收窄约6,000万元人民币，基本符合预期。
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