野村:比亞迪(1211.HK)新能源汽車銷量持續向好 維持買入評級
野村發表研究報告指出,比亞迪(1211.HK)截至9月底止第三季度純利按年急升13.6倍至17.5億人民幣,由於公司全新旗艦車型“漢”和改款旗艦車型“唐”累計接獲大量訂單,預料繼續推動新能源汽車銷量,第四季度汽車行業持續向好。野村維持比亞迪H股買入評級,目標價為166港元。
野村表示,比亞迪的刀片電池技術推動公司業務增長,公司計劃未來兩年擴大電池容量,配合未來新能源汽車發展。另外,全新旗艦車型“漢”的交付量不斷上升,預計今年底可達到每月1萬輛。該行預測2019-22財年每股收益的複合增長率為65%,有傳比亞迪將為滴滴的運輸業務生產訂製的電動車,其半導體計劃亦將獨立上市,成為2021年潛在的股票催化劑。
野村又提到比亞迪首三季純利約34.14億人民幣,按年急升117%,若撇除比亞迪電子(0285.HK)的28.5億人民幣純利貢獻,集團核心汽車電池業務約賺5.64億元人民幣,雖然數額不大,但仍較今年上半年的3600萬人民幣顯著改善,主要由新車型的電動車銷量和電動車行業增長推動。

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