大行评级丨花旗：微降华晨中国目标价至2.55港元，评级降至“中性/高风险”

格隆汇08-25

花旗发表报告，在昨日与华晨中国进行管理层会议后，对华晨评级由“买入/高风险”下调至“中性/高风险”，考虑因素包括(1)Neue Klasse iX3的销售能见度低，因最终定价配合延后交付(预计2026年11月)可能让竞争对手在两个月的真空期内有机会抢占订单；(2)目前燃油车销售占比较高(逾90%)，使华晨宝马在今年下半年至明年面临销售压力；(3)中期股息合理，为每股0.5港元；(4)尽管今明两年年...

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