《大行報告》瑞銀降比亞迪(01211.HK)評級至「沽售」 目標價上調至144元
瑞銀發表研究報告將比亞迪(01211.HK)評級由「中性」,降至「沽售」,相信其股價已超過合理價值,雖然新車「漢」的銷量有正面刺激,但相信已反映在現價,目標價由55元大幅上調至144元。
該行指,「漢」的銷量於8-10月分別為4,000、5,600及7,500輛,相信至今年底月銷售可升至1萬輛。另外,「漢」亦使用了其刀片電池,亦印證其電池的表現,公司正積極擴展至其他新能源車型,相信投資者將以新能源車初創公司估值,去計算公司相關業務,加上公司若開始向外供應刀片電池,相信可以加速分拆的可能性,有助釋放價值。
該行又指,對目前「漢」的銷售持續性有擔憂,特別是競爭加劇的情況下,因新能源車的銷售起動期較短,但相對銷售周期亦較短,目前已見部份數據開始回跌,而且面對更多來自Tesla Model 3的競爭。
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