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Sunday, 09/13/2020 10:06:13 PM

Sunday, September 13, 2020 10:06:13 PM

Post# of 24586

Valuation and recommendations

The auto market continues to show an upward trend, and industry investment opportunities are highlighted. Vehicle segment: It is still recommended to have a strong product week
We believe that auto market demand has begun to recover, and investment sentiment in the sector is expected to recover. Vehicle segment: Recommend auto companies with outstanding performance in independent sales and sustainable product cycles, including Great Wall and Changan ; among new energy vehicles, BYD , which has room for valuation improvement in vehicle business , is recommended, and it is recommended to pay attention to Weilai . Heavy-duty truck segment: demand is expected to remain high. Three Musketeers of heavy-duty trucks ( Sinotruk A/H and Weichai ) are recommended, and FAW Jiefang (not covered) is recommended . Dealer segment: Prioritize the layout of luxury brand dealers, including Zhongsheng and Yongda . Parts sector: promising opportunities + thematic sections rebound, proposes a focus on Chinese domain , Top , MINTH , all wins , Fuyao .



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