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《大行報告》德銀:蔚來-SW(09866.HK)產品「超級」週期可以重回正軌 聚焦次季前景
阿思達克 06-07 14:50
德銀發表研究報告指,蔚來(09866.HK)將於本周四(9日)公布今年首季業績,預期投資者將關注第二季發展前景及疫情後供應鏈恢復情況。 該行預期,蔚來汽車今年的產品超級週期終於可以重回正軌,預測第二季交付量達到2.4萬輛,指出自6月2日起蔚來已於上海交付101輛車,預期今年月銷量將按月改善,加上ES7及ET5都將在8月開始生產,將全年交付量預測下調1萬輛至16萬輛,同時將2023年預測維持在32萬輛。 德銀表示,蔚來首季交付量達到25,768輛,相信首季表現將符合市場預期,具體預測季內收入達到99.2億元人民幣,毛利率達15.8%,調整後每股虧損0.99元人民幣。德銀將美股目標價由50美元下調至45美元,維持評級「買入」。
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