《大行》大摩降内地汽车经销商目标价 中升控股(00881.HK)目标价降至18元

阿斯达克财经
Jan 27

大摩发表报告指,内地汽车经销商佣金收入下滑,但盈利仍处于复苏轨道,下调中升控股(00881.HK) 、永达汽车(03669.HK) 及美东汽车(01268.HK) 2025至2027年盈利预测,以反映“高息高佣”汽车金融产品整顿后,新车利润率低于预期的情况。报告指,尽管新车业务在2025年下半年进一步恶化,对2025年盈利构成下行风险,但预期中国汽车经销商盈利将在2025年触底,并于2026年反弹...

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