《大行報告》大摩:市場對比亞迪(01211.HK)期望很高 任何不明朗性或短期帶來更大波動
摩根士丹利發表報告指,由於港交所(00388.HK)中央結算及交收系統(CCASS)顯示股份出現轉讓,市場憂慮比亞迪(01211.HK)主要股東可能減持,其H股及A股昨日(12日)分別下跌11%及6%。不過,該行對比亞迪的調查顯示,其主要股東結構目前沒有重大變化。
該行表示,比亞迪的基本面仍然強勁,但除了優於集團全年汽車銷售指引的表現外,市場亦希望集團有顯著的毛利率提升,和電動車電池項目有突破。該行認為,由於市場對比亞迪的期望很高,市場情緒顯得脆弱,因此任何投機或不明確性都可能在短期內為股份帶來更大波動。
摩根士丹利維持對比亞迪H股「與大市同步」評級,目標價為300元。
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