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花旗:予潍柴动力(02338)“中性”评级 目标价升至13.2港元

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花旗发布报告称,予潍柴动力(02338)“中性”评级,考虑到第三季业绩,以及中短期毛利率更为乐观的预期后,将公司2023至2025财年纯利预测上调5%、24%及33%,目标价由11.4港元上调至13.2港元。

报告中称,公司第三季业绩符合预期,期内收入同比增长24%至542.48亿元,按季升3%;纯利同比增长1.83倍至26.02亿元,按季升27%,与早前发盈喜预测一致。期内公司主要受惠于中国重型卡车(HDT)及引擎销售强劲增长;旗下凯傲(Kion)盈利显著反弹,季内转盈6.29亿元,相对于去年同期则取得亏损6.39亿元;凯傲盈利能力恢复,令毛利率大幅改善,原材料成本下跌,以及规模经济改善。

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