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《大行報告》美銀證券下調小鵬汽車-W(09868.HK)目標價至41元 評級「中性」
美銀證券發表評級報告指,小鵬汽車-W(09868.HK)去年第四季收入按年跌40%至51億元人民幣,第四季毛利率為8.7%,遜於該行預測的11.2%,淨虧損為24億元人民幣,高於該行的22億元人民幣,主要是受到平均售價低於預期及毛利率等拖累。 該行指,小鵬2月份新訂單量按月增長100%,3月則有明顯的按月增長,小鵬G6將於上海汽車展覽推出,並於今年次季底起交付,公司料G6價格會介乎在20萬至30萬人幣之間,並料其月均銷量較P7高出2至3倍。另外,公司計劃今年下半年推出7人座位的MPV。 該行表示,將公司今年及明年收入預測各下調12%,並將其目標價由43元下調至41元,重申其評級為「中性」。
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