招商证券(香港)：看好吉利汽车(00175)下半年全新、次新车型陆续放量目标价上调14.3%至40港元

智通财经2021-06-29

智通财经APP获悉，招商证券(香港)发布研究报告称，继续看好吉利汽车(00175)下半年全新、次新车型陆续放量，产品周期开始走强，与行业复苏周期形成共振。看好极氪品牌的订单交付及独立融资进展，推动公司电动智能化转型及估值释放。吉利为该行当前行业首推股，重申“买入”评级，维持盈利预测不变，目标价由35港元上调至40港元，相当于32xFY22EP/E(前次28xFY22EP/E)，估值倍数上调14%...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

Super33
2021-06-29
Super33
加油，阿斗[财迷] [得意]

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2147855736?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/5a4a0d90587b4a1f8e70e6ef9eb66019","is_english":false,"pubTime":"2021-06-29 10:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2147855736","market":"hk","top_or_hot":-1,"title":"招商证券(香港)：看好吉利汽车(00175)下半年全新、次新车型陆续放量 目标价上调14.3%至40港元","media":"智通财经","content":"<div>\n<p>智通财经APP获悉，招商证券(香港)发布研究报告称，继续看好吉利汽车(00175)下半年全新、次新车型陆续放量，产品周期开始走强，与行业复苏周期形成共振。看好极氪品牌的订单交付及独立融资进展，推动公司电动智能化转型及估值释放。吉利为该行当前行业首推股，重申“买入”评级，维持盈利预测不变，目标价由35港元上调至40港元，相当于32xFY22EP/E(前次28xFY22EP/E)，估值倍数上调14%...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/503162.html\">网页链接</a>\n\n</div>\n","source":"stock_zhitongcaijing","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>招商证券(香港)：看好吉利汽车(00175)下半年全新、次新车型陆续放量 目标价上调14.3%至40港元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n招商证券(香港)：看好吉利汽车(00175)下半年全新、次新车型陆续放量 目标价上调14.3%至40港元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 10:55 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/503162.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，招商证券(香港)发布研究报告称，继续看好吉利汽车(00175)下半年全新、次新车型陆续放量，产品周期开始走强，与行业复苏周期形成共振。看好极氪品牌的订单交付及独立融资进展，推动公司电动智能化转型及估值释放。吉利为该行当前行业首推股，重申“买入”评级，维持盈利预测不变，目标价由35港元上调至40港元，相当于32xFY22EP/E(前次28xFY22EP/E)，估值倍数上调14%...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/503162.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06099","symbol_name":"招商证券","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/503162.html","article_id":"2147855736","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/5a4a0d90587b4a1f8e70e6ef9eb66019"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2147855736","pubTimestamp":1624935325,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"智通财经APP获悉，招商证券(香港)发布研究报告称，继续看好吉利汽车下半年全新、次新车型陆续放量，产品周期开始走强，与行业复苏周期形成共振。招商证券(香港)称，极氪独立融资加速智能电动业务发展，利于公司估值释放。1)公司2020年下半年发起了A股科创板上市计划且已经过会，拟募集200亿元人民币并用于新车型和前瞻技术研发及产业收购，但后来监管环境发生变化，上市时间具有较大不确定性。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":["rate"],"viewcount":null,"language":"zh","relate_stocks":{"06099":"招商证券","00175":"吉利汽车"},"translate_title":"China Merchants Securities (Hong Kong): Optimistic about Geely Automobile (00175) in the second half of the year, the target price of new and sub-new models will be raised by 14.3% to HK $40","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00175":1,"06099":1},"content_text":"智通财经APP获悉，招商证券(香港)发布研究报告称，继续看好吉利汽车(00175)下半年全新、次新车型陆续放量，产品周期开始走强，与行业复苏周期形成共振。看好极氪品牌的订单交付及独立融资进展，推动公司电动智能化转型及估值释放。吉利为该行当前行业首推股，重申“买入”评级，维持盈利预测不变，目标价由35港元上调至40港元，相当于32xFY22EP/E(前次28xFY22EP/E)，估值倍数上调14%反映智能电动业务加速，提升公司整体估值水平。报告中称，撤回科创板上市申请，为极氪探索外部融资。公司发布两则公告：1)鉴于经营决策和战略调整，决定撤回首次公开发行人民币股份并在科创板上市的申请(链接);2)为极氪智能科技公司(上市公司持股51%，吉利控股集团持股49%)探索不同的外部融资方案。截至公告日期，尚未达成外部融资方案的具体时间表或详细计划(链接)。招商证券(香港)称，极氪独立融资加速智能电动业务发展，利于公司估值释放。1)公司2020年下半年发起了A股科创板上市计划且已经过会，拟募集200亿元人民币并用于新车型和前瞻技术研发及产业收购，但后来监管环境发生变化，上市时间具有较大不确定性。该行认为，管理层短期内放弃上市属于合理策略，适时撤回科创板上市申请可以更灵活、更主动地继续推进其他渠道的资本运作。当前智能电动车行业飞速发展，若因为A股上市而延误极氪品牌独立融资发展，是得不偿失。撤回申请并推进极氪单独上市，有利于进一步加快智能电动车业务发展，同时也有利于吉利汽车上市公司的估值释放。市场对于科创板上市预期已较低，预计对公司的基本面和市场情绪面均影响不大。2)公司的高端智能电动车品牌极氪目前加速发展，首款车型极氪001(预售价26.6万-34.5万元人民币)于今年4月上市后订单极度火爆，当前盲订的平均订单金额高达33.5万元人民币，顶配比例达到40%，今年10月开始交付，预计今年交付量在8千到1万辆。极氪目标是成为全球领先的智能纯电汽车品牌，该行预计极氪智能科技未来单独上市可能是外部融资方案的重要选项之一。该行认为，目前极氪的品牌和产品热度非常高，有望成为自主品牌新势力龙头，直接对标新势力。当前新势力(蔚来(NIO.US)、小鹏汽车(XPEV.US)、理想汽车(LI.US))市值范围在280亿-740亿美元，平均估值水平为7.2x2022EP/S，远高于港股上市传统整车厂平均1.5x2022EP/S。长期看，极氪的估值释放空间巨大，有望带动吉利汽车上市公司估值水涨船高。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":159983565,"gmtCreate":1624935867457,"gmtModify":1631888961766,"author":{"id":"3581717252781214","authorId":"3581717252781214","name":"Super33","avatar":"https://static.tigerbbs.com/1d3d14004d42cb94a617db7de05d6ed3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581717252781214","authorIdStr":"3581717252781214"},"htmlText":"加油，阿斗[财迷]&nbsp;[得意]&nbsp;","listText":"加油，阿斗[财迷]&nbsp;[得意]&nbsp;","text":"加油，阿斗[财迷] [得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159983565","repostId":2147855736,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2147855736"}

招商证券(香港)：看好吉利汽车(00175)下半年全新、次新车型陆续放量 目标价上调14.3%至40港元

精彩评论

招商证券(香港)：看好吉利汽车(00175)下半年全新、次新车型陆续放量目标价上调14.3%至40港元