《大行报告》美银证券:比亚迪(01211.HK)提升刀片电池应用 重申H股「买入」目标价下调
美银证券发表报告指,比亚迪(01211.HK)公布去年第四季业绩後举行了线上分析员会议,集团目前纯电动车月产能为3万辆,管理层指有信心「汉」车款的月交付量可维持1万辆。
该行表示,集团计划逐步淘汰现有使用镍钴锰(NCM)电池的纯电动车,并於4月开始推出更多磷酸铁锂(LFP)刀片式电池的电动车。投入成本上升、淡季和减少镍钴锰电动车库存是集团今年首季盈利指引平淡的原因。
美银重申比亚迪H股「买入」评级,但目标价由216元下调至210元,并调低集团今明两年每股盈利预测15.8%及9.8%,以反映成本投入增加及最新的产能扩张进程。该行又下调比亚迪今明两年销量预测8%及11%,因其目标是降低仍处亏损的内燃引擎汽车(ICEV)销量以改善组合。
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