Summary
[Guolian Securities: The 60 billion purchase tax reduction and exemption policy is expected to boost auto consumption]Guolian Securities pointed out that with the active resumption of work and production by car companies and parts manufacturers, the impact of supply-side shortages can be quickly eliminated. Combined with the impact of the 60 billion yuan reduction in the purchase tax of some passenger cars, the consumption of the automobile market is expected to recover rapidly. We are optimistic about the prospects of the auto industry and give it a “stronger than the market” rating. We suggest focusing on auto OEMs and auto parts related targets such as BYD, Great Wall Motor, Changan Automobile, Geely Automobile, Fuyao Glass, etc. (Securities Times Network)
Guolian SecuritiesIt is pointed out that with the active resumption of work and production by car companies and parts manufacturers, the impact of supply-side shortages can be quickly eliminated. Combined with the impact of the 60 billion yuan reduction in the purchase tax of some passenger cars, the consumption of the automobile market is expected to recover rapidly.We are optimistic about the prospects of the auto industry and give a rating of “stronger than the market”. We recommend focusing on auto OEMs andcar partsrelated targets such asBYD、Great Wall Motors、Changan Automobile、Geely Auto、Fuyao GlassWait.
(Article Source:securitiesTimes)