大和:比亞迪(1211.HK)9月銷售疲軟但前景正面 續籲“買入”
大和資本發表報告表示,比亞迪(1211.HK)9月份銷售仍然疲軟,但對其長遠前景正面,維持對其H股“買入”投資評級。
大和指,比亞迪9月份整體銷量按年下跌約15%,當中純電動車(NEV)銷量大跌51%,而內燃引擎汽車(ICE)銷量則復升,按年升35%。
不過,該行看好公司長遠前景,料補貼政策減少淘汰小型汽車企業,將利好大型汽車企業。該行又預期,比亞迪盈利或於今年下半年受壓,但於受益於內地汽車市場復升及公司成本效益改善,公司2020-2021年盈利有望復升。
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