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大行評級|大華繼顯:大幅上調小鵬汽車目標價至110港元 預計2026年實現盈利
格隆匯 03-03 11:55
大華繼顯發表研究報告指,根據行業數據,小鵬汽車今年第八週的保險上牌量爲8800輛,按年增長逾6.3倍,按周增長8.6%,,而且連續多周在新勢力電動汽車品牌中位居榜首。該公司同時在自動駕駛領域亦取得重大進展,自研圖靈芯片預料將於5月推出的新車型中亮相,相比英偉達Thor芯片更具成本優勢,大華指,小鵬正全面採用自研芯片,有助提升效率並降低成本,相信其生態系統戰略可增強其市場地位,不斷擴大的產品矩陣及強勁銷售勢頭則進一步鞏固其在智能出行領域領先者地位。大華繼顯將小鵬汽車2025至2026年交付量預測分別從35萬輛及40萬輛上調至40萬輛及50萬輛,同時將2025年的淨虧損預測從35.35億元下調至19.95億元,預計小鵬汽車將在2026年實現盈利約6.47億元,對比此前預測爲淨虧損22.54億元,相應將目標價從60港元上調至110港元,評級升至“買入”。
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