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大和:維持比亞迪(1211.HK)買入評級 目標價94港元
格隆匯 09-07 14:16

大和總研發表研究報告指,由於新能源汽車、新能源和新基建的快速發展,中國相關行業在2020-25年期間的市場將實現良好增長,加上積極的產能擴張和技術發展,國內替代品有望起飛。該行預期,中國對絕緣柵雙極晶體管(IGBT)的需求將超過全球市場,預測中國IGBT市場在2020-25年年複合年增長率為16%。

大和指,國內IGBT市場存在嚴重的供需失衡,中國的IGBT市場佔全球市場的30%至40%,而國際企業則佔據了中國市場的90%,認為中國公司在未來5年內從國際品牌中獲得份額。

大和維持比亞迪(1211.HK)的買入評級,目標價維持94港元,對其在科創板或創業板上擬議的半導體業務分拆上市保持樂觀,認為這將釋放更多的價值,又預計比亞迪的新能源汽車銷售將在下半年有所回升。

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