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大和:下調比亞迪(1211.HK)目標至69港元 降評級至持有
格隆匯 07-08 16:05

大和總研發表研究報告指,比亞迪(1211.HK)的股價由7月2日上升19%,已完全反映其強勁增長前景,故將其投資評級由買入降至持有,目標價由70港元下調至69港元。又指,若Tesla在9月的電池日中公佈其新小型家庭用車,將會對比亞迪造成負面影響。

大和預期,比亞迪在今年第二季,淨利潤按年增長125%至16億元人民幣,主要受其汽車和移動板塊的利潤改善。該行預計,基於去年下半年的低基數,比亞迪的新能源汽車在今年下半年將錄得40%按年銷售增長,但內燃引擎汽車基於去年高基數,銷售將按年下跌2%。

為反映比亞迪由年初至今的銷量,大和下調其汽車銷量估算2-6%,故下調其2020-22年每股盈利預測1-4%。

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