《大行報告》匯豐研究升小鵬-W(09868.HK)評級至「買入」 目標價上調至87元
匯豐研究發表報告指,小鵬-W(09868.HK)與大眾汽車達成協議是內地自動駕駛發展的重要里程碑。合作協議推動小鵬近期股價表現,該股股價自7月24日以來,於美股和港股分別上升26%和28%,遠跑嬴大市表現。
報告認為,小鵬是自動駕駛領域的行業領導者,如正在北京和上海等五個城市的部分路線上提供城市導航試點,並計劃在年底前將試點推廣到50個城市。隨著電動汽車日趨商品化,該行認為差異化軟件是促進銷售的重要競爭優勢。與全球品牌如大眾合作,亦會增加對消費者的吸引力。
該行預計,小鵬明年和後年淨虧損將分別收窄1%和 8%,主要是由於銷量和軟件服務收入增加;同時將收入預期分別上調7%和17%。H股目標價由60.2元升至87元,評級由「持有」升至「買入」。
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