Lates News

According to the research report by CITIC Securities, the valuation logic of undervalued state-owned enterprises in the automotive industry may undergo a reconstruction after Dongfeng's privatization. Recent privatization cases have highlighted the emphasis that state-owned enterprises in the automotive industry place on managing market value, and it is expected that the capital operation of state-owned enterprises will become more intensive, which will help solve the dilemma of equity financing for state-owned enterprises. At the same time, the long-awaited but not absent transformation of intelligent electrification by state-owned enterprises is also bringing about a fundamental improvement. In addition to potential targets for capital operation, the report recommends focusing on investment opportunities in the automotive industry from two perspectives: 1. Cooperation with technology companies such as Huawei; 2. Changes in business models brought about by the reverse output of technology by joint venture brands.