北京汽車 (1958 HK): 自主品牌剝離和發行A股引憧憬 January 12, 2018

投資概要

  • 第三季少賺逾三成半
  • 北京賓士強勁勢頭不減
  • 降價保量,北京現代步出穀底
  • 自主品牌剝離和發行A股引來價值重估憧憬

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投資建議

公司第三季報業績環比改善,全年大幅下滑難以避免,不過近期自主品牌部分剝離以及發行A股計畫有望提振2018年業績,因此我們下調公司2017年、上調2018年的盈利預測至每股收益將達到至0.51/0.93元。上調目標價至12.1港元,對應預計市盈率19.6/10.8倍,維持增持評級。

About the author

Profile photo of Zhang Jing

Zhang Jing
Phillip Securities (HK)

Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.

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