大行評級|麥格理:上調小鵬目標價至32港元 上調明年銷量預測至31.3萬輛
麥格理指,小鵬首季淨虧損少於市場預期18%,受惠於向德國大眾提供服務帶來強勁的盈利貢獻。該行指,小鵬銷量增長仍為後期推動,基於MONA及新小鵬電池電動轎車推出,公司對第四季銷售急升樂觀。
該行上調對小鵬明年銷量預測至31.3萬輛,但預期今明兩年收入持平,經調整淨虧損預測分別按年收窄21%及22%,反映向德國大眾服務有更佳盈利能力。在新管理層扭轉盈利能力及產品策略下,該行對小鵬仍持觀望看法,並基於劇烈競爭,對大眾電池電動車市場持審慎看法,等待MONA車款更多詳情。
該行維持對小鵬“中性”評級,目標價由28港元上調至32港元。
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