《大行報告》建銀國際降比亞迪(01211.HK)目標價至208.9元 仍是全球市場領導者
建銀國際發表研究報告指,比亞迪(01211.HK)預計2023年度淨利潤介乎290億至310億人民幣,按年增長74%-86%,銷量增長62%至302萬輛。集團仍然是全球市場領導者。
該行預計,集團今明兩年的海外貢獻將達到50萬及70萬輛,即使在渠道成本較高的情況下,這亦將提高集團的整體新車利潤率。集團又計劃利用其全球電動巴士網絡,透過電動乘用車進一步進入出口市場。憑藉比亞迪在匈牙利、巴西、烏茲別克、泰國和印尼等地的海外生產中心所支持,料新車型將繼續受到關注。該行又認為歐盟反傾銷調查對公司的影響有限。
該行表示,由於集團的新能源汽車業務正快速擴張,加上正在開發面向電動乘用車業務的海外銷售管道,短期阻力並不會對其造成影響。該行預計公司今年收入達7,590億人民幣,而銷量則為350萬輛。該行又將目標價由320.1元下調至208.9元,維持「跑贏大市」評級。
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