Huazhong In-vehicle (6830.HK): Rapid Promotion of New Products and Continuously Increasing Profit Margin August 17, 2018

Investment Summary

Huazhong In-Vehicle is an international leader in the technology known as “replacing steel with plastics”, enjoying good acceptance and firm relationship from the OEMs. With abundant orders at hand, accelerating SOP of new products and fading loss factors, we are optimistic about its high future result visibility. we give the company a target price of HK$1.56, equivalent to 13.8/10.6/8.1x P/E for 2018/2019/2020, respectively. Accumulate rating is given for initiation. (Closing price as at 15 August 2018)

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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