沽清吉利被打臉 持倉融創候佳績

瞎嘮叨幾句：為什麼人們说小病是福，即使是小感冒也很辛苦。

吉利(0175)把每手買賣單位從5000降低到1000，馬上陰謀論說是要引散戶入局，哪那麼多陰謀。之前14-15元清倉吉利已經說過有預感會被打臉，果不其然，昨日創了新高。最新有野村將目標價調高到20，和中金看齊。

Geely Automobile (175 HK, Buy) - Maintain Buy; lift TP to HKD20 (TP HKD 13.82→HKD 20) Benjamin Lo - NIHK / Joseph Wong - NIHK

Reaping further fruits from its improving brand equity
Action: Maintain Buy on our top pick among the OEMs.

We reiterate our positive view on Geely after management attended Nomura Corporate Day on 27 June, with all-round positive takeaways on volumes, profit margins, growth outlook, and dividends. We lift our TP to HKD20 (implying 25% potential upside) and maintain our Buy rating. Likely strong 1H17F interim results on robust volumes and higher ASP. Our 2017F sales volume assumption of 1.18mn units (+54% y-y; Fig. 1) has always been above company target's 1mn units. With 5M17 growth of 89% y-y, management admitted its current target as being conservative and that it could revise up the target later. We believe our assumption is realistic. Given robust demand for its new, higher-quality products, Geely has resisted pricing pressure from competitors and has not engaged in any price promotions. This renders our 5% like-for-like price decline too conservative.

細價股股災當睇戲，唯一係止唔住手痕買咗兩手QPL (0243)，純粹當抌錢落咸水海。

近排冇乜嘢大動作，持倉最多仍然係騰訊(0700)同埋融創(1918)，融創下星期應該就會公佈6月份銷售數字，且看會唔會真係上300億。