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《大行报告》里昂下调比亚迪(01211.HK)目标价至280元 评级「买入」
阿思达克 04-01 10:58
里昂发表研究报告,指比亚迪(01211.HK)去年业绩对办,纯利按年升162%至42亿元人民币。管理层料今年首季纯利达2亿至3亿元人民币,相当於按年增长78%至166%。报告称,继去年明显转势後,相信其将有两大催化剂助力反弹,即科技领导地位和在具吸引力新平台推出新车型,相信可带动每股盈利於2020至2023年间年均复合增长率达20%。

该行指出,比亚迪短期料持续在内地新能源车市场中增加市占,料其今年新能源车销量达40万辆,相当於内地新能源车市占两成,并指公司会转型至智能流动解决方案提供商;该行降其今年盈测11%,并微升明年盈测0.4%,以现金流折现率计,目标价由340元降至280元,考虑强劲增长及盈利可见度改善,重申「买入」评级。

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