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《大行報告》里昂下調比亞迪(01211.HK)目標價至300元 評級「買入」
阿思達克 10-18 11:05
里昂發表報告指,據華潤新能源汽車調查顯示,在深入了解1,600名消費者的購買行為和品牌認知後,發現國產品牌仍處於領先地位,主要是物有所值;消費者對價格的敏感程度愈來愈高,而磷酸鐵鋰(LFP)電池保持強大的市場領導地位。然而,該行對續航里程和充電速度感擔憂,或會阻礙進展。而品牌競爭力和定價仍然是電動車生存的關鍵決定因素。 該行表示,從品牌競爭力、成本、由電池至電動車以及電子系統的全面結合來看,比亞迪(01211.HK)增長的上升趨頭或會持續,因此上調其2022/23/24年盈測19.3%、17.8%及6.1%,維持其評級為「買入」,惟基於2024年EV/EBITDA企業價值倍數為18倍,較寧德時代(300750.SZ)折讓20%,將其目標價由360元下調至300元。(ca/k) ~
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