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《大行報告》美銀證券:比亞迪(01211.HK)提升刀片電池應用 重申H股「買入」目標價下調
阿思達克 04-01 14:18
美銀證券發表報告指,比亞迪(01211.HK)公布去年第四季業績後舉行了線上分析員會議,集團目前純電動車月產能為3萬輛,管理層指有信心「漢」車款的月交付量可維持1萬輛。

該行表示,集團計劃逐步淘汰現有使用鎳鈷錳(NCM)電池的純電動車,並於4月開始推出更多磷酸鐵鋰(LFP)刀片式電池的電動車。投入成本上升、淡季和減少鎳鈷錳電動車庫存是集團今年首季盈利指引平淡的原因。

美銀重申比亞迪H股「買入」評級,但目標價由216元下調至210元,並調低集團今明兩年每股盈利預測15.8%及9.8%,以反映成本投入增加及最新的產能擴張進程。該行又下調比亞迪今明兩年銷量預測8%及11%,因其目標是降低仍處虧損的內燃引擎汽車(ICEV)銷量以改善組合。

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