华晨中国发盈警,预计6月止六个月税前溢利将较2024年同期减少34%至36%,原因是主要联营华晨宝马业绩下滑。然而,预计税后溢利按年增加10%至13%,主要由于期间减少派发股息,令预扣税大幅减少83%。大摩发表报告,认为盈警反映业绩受压,但仍好过该行之前预期,因为单位盈利能力较稳定;现时预测认为华晨宝马合资公司的净利润率更具韧性,预测2025至2027年间增幅为0.5个百分点,但将期间的销售量预测下调约6%。大摩对华晨中国目标价由3港元上调至3.4港元,评级“与大市同步”。
华晨中国发盈警,预计6月止六个月税前溢利将较2024年同期减少34%至36%,原因是主要联营华晨宝马业绩下滑。然而,预计税后溢利按年增加10%至13%,主要由于期间减少派发股息,令预扣税大幅减少83%。大摩发表报告,认为盈警反映业绩受压,但仍好过该行之前预期,因为单位盈利能力较稳定;现时预测认为华晨宝马合资公司的净利润率更具韧性,预测2025至2027年间增幅为0.5个百分点,但将期间的销售量预测下调约6%。大摩对华晨中国目标价由3港元上调至3.4港元,评级“与大市同步”。
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