汇丰-全球汽车行业策略：2019年最值得购买的全球十大汽车公司.docxVIP

7 February 2019 ???? Global Auto Top Picks EQUITIES AUTOS HSBC Top 10 Buys in Global Autos in 2019 Global ? Leveraging the expertise of HSBC’s auto analysts across six markets, this report features our Top 10 Buy ideas for 2019 ? Global Autos has re-rated 9% YTD on earnings cuts but also with genuinely improved sentiment – which could be premature ? Relief really could be short-lived: with negative global volumes in H1 2019e and cyclical/structural risks, stock picking is key Top 10 Buys from Europe, Asia and selected EMs For the first time, we present our top ideas within HSBC’