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01316 NEXTEER
RTNominal unchange2.570 0.000 (0.000%)
Others

26/06/2018 16:56

[I-bank focus]Goldman cuts Nexteer (01316) to HK$16.84

[ET Net News Agency, 26 June 2018] Goldman Sachs lowered its target price for Nexteer
Automotive Group (01316) to HK$16.84 from HK$20.79, and retained its "buy" rating.
The research house cut its Nexteer 2018-2020 earnings by 6%/13%/15% on increasingly
challenging volume and pricing environment in the US and China, with limited earnings
contribution from market share gain and new product.
But Goldman sees Nexteer as well positioned for market share/ASP/margin opportunities as
autonomous driving starts to commercialize. It remains constructive on Nexteer's leading
capabilities in the steering-by-wire technology, the autonomous driving related content
may take longer to materialize in the earnings given regulation formulation, industry
safety validation and OEM's new models' development and standard operating procedure (SOP)
cycle. (KL)

Remark: Real time quote last updated: 23/09/2024 17:59
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