【招银国际】焦点股份-251020（6页）.pdf

1、2025年年10月月20日日焦点股份焦点股份招银国际环球市场有限公司2 2招银国际招银国际焦点股份焦点股份资料来源：彭博，招银国际环球市场。数据截至 20/10/2025下午2:30如欲了解详尽个股分析，敬请参考英文版焦点股份：https:/.hk/article/12179.html?lang=en市值市值平均日交易量平均日交易量股价股价目标价目标价上上/下行下行市净率市净率(倍倍)ROE(%)股息率股息率公司名称公司名称股票代码股票代码行业行业评级评级(十亿美元十亿美元)(百万美元百万美元)（当地货币（当地货币)（当地货币（当地货币)空间空间FY24A FY25EFY24AFY24AFY2

2、4A长仓长仓吉利汽车175 HK汽车买入24.8168.719.0125.0032%10.509.902.0019.91.8%史迹/窦文静/梁晓钧零跑汽车9863 HK汽车买入10.365.659.2080.0035%N/A90.60N/AN/AN/A 史迹/窦文静/梁晓钧极兔速递1519 HK物流买入11.754.110.1913.4032%58.0033.404.107.20.0%冯键嵘三一国际631 HK装备制造买入3.38.97.908.9013%22.2010.602.0015.53.5%冯键嵘绿茶集团6831 HK可选消费买入0.61.36.4410.7467%9.508.104.

3、3059.15.4%胡永匡锅圈食品2517 HK可选消费买入1.210.23.634.8032%40.1022.602.807.42.2%胡永匡瑞幸咖啡LKNCY US可选消费买入11.475.040.1044.9512%31.8022.307.1025.80.0%胡永匡珀莱雅603605 CH必选消费买入4.376.177.75129.8367%19.9018.005.6031.72.0%张苗华润饮料2460 HK必选消费买入3.414.510.9812.8517%12.8017.401.8018.04.8%张苗三生制药 1530 HK医药买入8.7182.427.9237.5835%N/A

4、7.20N/AN/AN/A 武煜/王云逸中国平安2318 HK保险买入138.8328.254.1071.0031%N/AN/A1.0013.95.2%马毓泽中国财险2328 HK保险买入53.657.618.7021.6016%N/AN/A1.4613.03.2%马毓泽腾讯700 HK互联网买入735.41494.4624.00705.0013%23.6020.80N/AN/AN/A 贺赛一/陆文韬/陶冶阿里巴巴BABA US互联网买入398.62807.6167.05209.4025%N/A22.50N/AN/AN/A 贺赛一/陶冶/陆文韬携程集团TCOM US互联网买入45.8189.0

5、70.1476.008%18.0010.50N/AN/AN/A 贺赛一/陶冶/陆文韬绿城服务2869 HK房地产买入1.93.54.656.6142%16.8015.001.9010.34.5%张苗小米集团1810 HK科技买入157.41058.946.9662.9634%38.5024.506.6014.4N/A 伍力恒/李汉卿瑞声科技2018 HK科技买入5.946.439.0260.5555%22.9016.201.807.80.7%伍力恒/李汉卿比亚迪电子285 HK科技买入11.2158.138.5247.3723%18.1015.402.9013.21.5%伍力恒/李汉卿地平线机

6、器人9660 HK半导体买入15.3293.08.1312.3051%N/AN/AN/AN/AN/A 杨天薇/张元圣豪威集团603501 CH半导体买入21.6524.6127.40173.0036%47.9038.50N/AN/AN/A 杨天薇/张元圣贝克微2149 HK半导体买入0.41.647.5493.0096%15.8013.70N/AN/AN/A 杨天薇/张元圣北方华创002371 CH半导体买入40.7572.5400.47460.0015%52.4040.60N/AN/AN/A 杨天薇/张元圣Salesforce CRM US软件与IT服务买入231.42215.0243.08