花旗:比亞迪(1211.HK)首季業績符預期 目標價587港元
花旗發表研報指,比亞迪(1211.HK)首季業績符合預期,同時利潤率優於預期,維持公司為行業首選,目標價587港元。
報吿指,亞迪第一季核心淨利潤為5.14億元人民幣,按季增長40%,更按年由虧轉盈。而在第一季原材料成本急劇上漲下,毛利率僅按季下滑0.7個百分點,也是一個驚喜。
報吿預測,比亞迪首季毛利率約為15.6%,預計比亞迪4月銷量交付平穩,能明顯優於行業30%-45%的按季下滑趨勢。

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