Bank of America Merrill Lynch to lower the price of Dongfeng neutral target price to 8.8 yuan winlinez

Merrill Lynch fell Dongfeng to neutral rating target price cut to 8.8 yuan Sina App: Live on-line blogger to guide Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Merrill Lynch issued a research report, by the Dongfeng Group (00489.HK) 2017 and 2018 forecast net profit to 12 billion 600 million and 12 billion 800 million yuan, rating from "buy" to "neutral", target price reduced from 9.91 yuan to 8.8 yuan. The bank refers to the continued aging of Dongfeng products, Dongfeng -PSA sales in August this year, down 15%. Into the fourth quarter of this year and the first quarter of next year, the deterioration of the situation, the entire industry, private car sales growth from 26% per cent in the quarter rose to slow down to an increase of 8% and retrogression of 2.8%. The 2017 private car sales growth slowed to 4%. The bank lowered its -PSA forecast for 2017 and 2018 sales to $647 thousand and $674 thousand, and the net interest rate was reduced to $4.9% and $4.7%. The bank also lowered the Dongfeng Honda 2017 and 2018 forecast of pure interest rate to 7.4%, the material of the joint venture SUV sales this year accounted for 80% of gross profit, difficult to upgrade, the next generation SUV product cycle profits or less than the existing products, but also need to face the local brand competition, the bank lowered the Dongfeng Honda 2017 and 2018 sales forecast to 525 thousand and 549 thousand vehicles, Dongfeng Nissan sales forecast to 1 million 160 thousand and 1 million 210 thousand. (both) to enter the Sina financial stocks] discussion相关的主题文章: