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Technology, Automotive Aug 04, 2021 08:17 AM (GMT+8) · EqualOcean
CSC Securities believes that in the past, the investment in vehicle stocks was partial to the cycle. Looking back, we believe that the industry is facing the dual advantages of pattern optimization and business model innovation, and the valuation of vehicle plants will continue to rise. The valuation of strong independent vehicle manufacturers (Great Wall and Chang'an) has broken through the original valuation framework and range, and the influencing factors of later valuation rely more on marginal changes. From the marginal point of view, both pattern deduction and model realization will improve, and the valuation of vehicle stocks will rise steadily at the existing valuation level.

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