MeiDong Auto Could Ride on Stronger Lexus Dealership Network -- Market Talk
MeiDong Auto Could Ride on Stronger Lexus Dealership Network -- Market Talk
DJ MeiDong Auto Could Ride on Stronger Lexus Dealership Network -- Market Talk
DJ美东汽车可能搭乘更强大的雷克萨斯经销商网络--市场对话
0247 GMT - China MeiDong Auto's efforts to strengthen its Lexus dealership network could further boost its presence in the Chinese luxury-car market, Daiwa Capital says. Demand for luxury cars is expected to remain strong, though there may be concerns about delivery delays in July and August amid a chip-supply shortage; Daiwa expects delayed shipments to be delivered in 4Q and 1Q. Its forecasts for MeiDong Auto's 2021-22 EPS are 2%-5% higher than market consensus because of optimism over the company's sales-volume growth. Daiwa maintains a buy rating on the stock and raises its target price to HK$55 from HK$48. Shares are 0.5% higher at HK$44.10. (justina.lee@wsj.com)
0247GMT-大和资本表示，中国美东汽车加强雷克萨斯经销商网络的努力可能会进一步提升其在中国豪华车市场的影响力。豪华车的需求预计将保持强劲，尽管由于芯片供应短缺，可能会担心7月和8月的交货延迟；大和预计延迟发货将在第四季度和第一季度交付。由于对该公司销量增长的乐观情绪，该公司对美东汽车2021-22年每股收益的预测比市场共识高出2%至5%。大和维持对该股的买入评级，目标价由48港元上调至55港元。该公司股价涨0.5%，报44.10港元。(justina.lee@wsj.com)
(END) Dow Jones Newswires
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August 15, 2021 22:47 ET (02:47 GMT)
美国东部时间2021年8月15日22：47(格林尼治标准时间02：47)
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