輝立證券:維持比亞迪 (1211.HK)“增持”評級 目標價44港元
輝立證券發佈報告稱,比亞迪 (01211.HK)上半年公司出現歸屬淨利潤14.55億元,同比增長203.61%,主要因為新能源汽車銷量大升所致。上半年公司共銷售汽車22.8萬輛,同比增長1.6%,其中新能源乘用車14.1萬輛,同比大增98%,在新能源汽車領域的市場佔有率從2018年的20%左右上升至期內的24%。公司同步公告了19年第三季度業績區間為1至3億元,同比下滑71%90%,主要因為補貼下坡和汽車市場下滑影響新能源車需求。
該行表示,面對不斷增多的競爭對手,憑藉十年深耕本土市場積累,比亞迪開始加速推出新車型,幷繼續開放供應鏈體系,提升自身競爭力。同時,2019年7月公司已與豐田汽車達成合作,共同開發面向中國市場的電動車型。作為國內和國際的電動車龍頭,雙方在汽車和三電領域擁有各具特色的技術優勢和豐富的研發經驗,此次合作或將對公司的長遠發展與行業的競爭格局產生深遠影響。
該行表示,維持“增持”評級,目標價44港元。
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