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《大行報告》瑞銀升小鵬汽車(XPEV.US)評級至「買入」 目標價下調至13美元
瑞銀發表研報指,年初至今小鵬汽車(09868.HK)(XPEV.US)股價累計下跌84%,由於銷售疲軟和「小鵬G9」的發布令人失望,投資者普遍看跌。 但瑞銀認為,小鵬汽車可以改善內部管理及產品陣容改善經營情況,預期每月銷量可從10月份的約5,000輛回升至1萬輛以上,同時認為小鵬汽車仍然是中國自動駕駛領域的領導者,亦是首家實現城市導航引導駕駛的企業,將投資評級從「中性」上調至「買入」。 該行指,小鵬汽車現價水平為2023年預測市盈率約0.9倍,較同業蔚來汽車(09866.HK)(NIO.US)及理想汽車(02015.HK)(LI.US)低44%至50%,相信小鵬汽車面對的挑戰大部分已反映在股價表現上,憧憬銷量回升或新車型推出消息可能引發股價反彈。同時瑞銀預計小鵬汽車將實現未來3年複合年增長率約42%,並在2026年實現收支平衡,美股目標價由34美元下調至13美元。
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