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《大行報告》美銀證券引述小鵬(09868.HK)料供應鏈及新訂單6月持續改善 冀明年毛利率逾20%
美銀證券發表報告指,與小鵬汽車(09868.HK)舉行了電話會議作業務更新,集團5月銷售受到內地疫情封城拖累,因北京及上海佔其總銷售15%至20%。而在未受影響的地區,5月的新訂單已恢復到價格上調前的水平。 該行表示,小鵬汽車於5月中旬復工復產,管理層預計隨著上海放鬆疫情控制措施,供應鏈和新訂單將在6月持續改善。至於新車款「G9」將於今年第三季上市,10月開始交付,由於產品均價及毛利率較高,管理層將優先向「G9」供應零件,並預計其交付將達到「P7」車款的水平。另一方面,集團目標明年的毛利率可達20%以上。 美銀維持小鵬汽車股份「買入」評級,目標價155港元。
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