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《大行報告》大和升比亞迪(01211.HK)目標價至276元 評級「買入」
阿思達克 06-25 13:01
大和發表研究報告,指比亞迪股份(01211.HK)旗下最新動力技術DM-i超級混動產品市場需求強勁,現在手訂單約10萬件,主要是清Plus DM-i。4月比亞迪交付了3,000件清Plus DM-i,5月產量加快至1萬件。在刀片電池產能上升下,目標6月可交付1.8萬件。報告另稱,公司夥拍滴滴出行開發滴滴純電動車,料今年交付5萬至7萬輛。整體而言,公司指引今年新能源車銷售40萬輛,按年升111%,當中插電式混合動力車及純電動車各佔20萬輛。

技術方面,報告稱,計劃透過E3.0平台推出續航力達1,000公里的電動車,將大幅提升航距(現時漢系續航力達600公里),公司亦考慮加強電芯到車(CTV)技術以進一步改善車內電池電容。此外,報告稱,公司光伏及手機板塊維持強勁勢頭。

大和上調公司今年至2023年每股盈測5%至7%,主因考慮管理層指引後,上調期內汽車板塊銷售預測8%至10%,並料新能源車板塊在2020至2023年間稅息前盈利(EBIT)年均複合增長達60%,開拓續航力達1,000公里的電動車產品亦是潛在股價催化劑;目標價由232元升至276元,予評級「買入」。(da/a)

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