Чего добились КИТАЙЦЫ? Скоро в РОССИИ. Обзор Geely NL3, Джили GT Эмгранд Кросс Emgrand X7 Ø
Geely Auto Kong rallied more than 6 since the launch of its new brand Lynk in Berlin October 20 Lynk, focusing on connectivity and carpooling and Hailing car services, will be launched in a year in China, followed by Europe and the United States in 2018.
A 01 per car Lynk Co is displayed during the presentation event of the Chinese automaker Geely in Berlin on October 20, 2016 Photo credit ODD ANDERSEN AFP Getty Images.
Geely also raised its sales target for 2016 business year-to 660000 to 700 000 previously, thanks to strong sales of its new models launched SUV.
Geely has already soared 114 8 this year and is currently trading at 12 4 times earnings before consensus, well above the five-year average of 8 and 9 times approaching the five top 13 3 times.
Bank of America Merrill Lynch thinks so, downgraded the stock to neutral with 8 target 64 Hong Kong dollar price analyst Jeff Chung wrote.
Entering 2017, we expect the evaluation Geely to downgrade to valuation levels of the historical peak of Geely, in 2007-2010 and 2011-2013, the stock traded 0 0 3x and 4x PEG Although we are optimistic about the prospects for sales of Geely, we expect it to deliver net profit of 5 billion RMB9 in 2019, with CAGR 2017-19E NP slow to 12 suggesting a potential risk assessment derating, as the title is now trading at an 8 4x 2017E pER, but with a much higher PEG 0 7x conversely, to justify the PEG 0 4x 2017E pER current assessment, 2017-19E CAGR NP be 21, which means that growth must 2019E NP re-accelerate to 29 year on year, in our opinion, this is extremely difficult.
The Beijing tax reduction on car purchases, announced it a year ago, has created a boom in the automotive industry this year, but the question is whether this boom will continue to go in 2017, Beijing can reduce car tax cuts and builders will have a basis for calculating the growth rate See my blog on September 27 China will extend his tax cuts on car purchases.
Stock analysts are divided on what HSBC, for example, does not see the Geely rally ending all Lynk is cool and hip Carson Ng analyst wrote.
Buy with TP of 50 HKD9 We continue to use a PE multiple based RE method to get our target price with multiple target PE 15 PE 0x 2017th We believe the company will continue to show improvement additional sales over the next six months, we expect to be a key driver of share prices the volume of monthly sales and more information about Lynk Co are the major short-term catalysts.
We believe that the plans are ambitious above has been passed very limited reference, so we think some execution risk associated with these experimental ideas are inevitable as we approach the actual launch namely with the disclosure of information on prices, focus on spending on these ambitious concepts at this stage it is too early to draw a conclusion that it would be a major breakthrough for Geely or a flop.
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