招商证券国际:中国汽车品牌出口表现强劲 首选吉利汽车(00175)

智通财经网
Jun 22

智通财经APP获悉,招商证券国际发布研报称,今年首五个月中国汽车市场内需复苏步伐仍然较弱,但出口表现维持强劲,并持续创新高,高端车型市占率提升,建议投资者关注出海增长及高端化车企,重点推荐出海第一梯队的吉利汽车(00175)及比亚迪股份(01211),当中列吉利汽车为首选,指出旗下极氪高端品牌需求强劲,维持“增持”评级及目标价36港元。

招证国际亦维持比亚迪“增持”评级及目标价130港元,并看好小鹏集团-W(09868)Robotaxi及机械人驱动AI估值韧性,但考虑到中低端车占比较大及研发投入增加,下调2026至2028年收入预测及盈利预测,目标价由115港元下调至103港元,维持“增持”评级。

招证国际又将理想汽车-W(02015)2026至2028年收入预测下调12%、9%及5%,以反映增程汽车产品竞争加剧的影响,目标价由74港元下调至61港元,评级维持“中性”。其他股份方面,该行看好敏实集团(00425)、福耀玻璃(03606)及潍柴动力(02338)等具有海外业务拓展及新赛道布局的零部件企业,均予“增持”评级。

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