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》大摩下調比亞迪(01211.HK)目標價至242元 評級「與大市同步」
摩根士丹利發表研究報告,比亞迪(01211.HK)第三季純利按年增長82%至104億元人民幣,結合比亞迪電子(00285.HK)第三季初步利潤達到150億元人民幣,即扣除來自比亞迪電子貢獻的每輛汽車利潤按季增長33%至1.14萬元人民幣,反映出來自上游供應鏈更多的成本節省,以及出口業務所帶來的利潤貢獻增加,足以抵銷大眾市場車型的定價壓力。 第三季比亞迪電子及比亞迪營業收入分別按季增長21%及16%,汽車銷量則增長17%,反映第三季汽車銷售均價呈下降趨勢。該行表示,汽車和電子業務按季錄得改善,毛利率增長超出預期,憧憬第四季利潤率或會再提升,同時相信比亞迪達成全年銷量目標沒有難度,將今年至2025年盈利預測上調13%、5%及3%。 不過,大摩亦提醒,第三季末起中國汽車市場降價幅度擴大,加上競爭加劇,可能會在未來6至12個月對比亞迪的盈利能力構成挑戰,目標價由249元下調至242元,評級「與大市同步」。
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