You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》麥格理下調比亞迪(01211.HK)目標價至276元 評級「跑贏大市」
阿思達克 04-07 10:54
麥格理發表研究報告指出,比亞迪(01211.HK)仍然專注於擴大市場份額,而非每輛車的盈利能力。該行將公司2022財年的新能源汽車銷量上調13%,至119.8萬輛,主要由於比亞迪首季銷量強勁,達29.1萬輛,佔該行預測的24%,以及40萬輛車的訂單積壓,可支持公司銷售至6月。 該行指出,雖然疫情封鎖可能會影響汽車需求,但預期一旦疫情受控,政府將加大刺激力度,相信可推動下半年的銷量,而比亞迪有機會達到150萬輛的銷量目標。 麥格理將比亞迪的2022至2023財年純利預測下調38%及18%,並將其2022財年毛利率削2.8個百分點,原因是原材料成本上升及汽車平均售價下降,惟規模經濟及產品組合將有助於長期的毛利率改善。另對公司目標價由328元下調至276元,維持「跑贏大市」評級,認為公司於中國新能源汽車市場具領先地位。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account