《大行報告》麥格理:比亞迪(01211.HK)首季毛利優於預期 評級「跑贏大市」
麥格理報告指出,比亞迪(01211.HK)首季毛利優於預期,主因鋰價下跌,導致電池成本較低,及均價較預期高。該行相信今年第二季集團汽車均價按季有所改善,若高毛利車型號(如騰勢N9)每月銷售可達1萬輛,每輛汽車利潤次季亦會有所提升。基於集團在內地新能源汽車市場具有領先地位,及首季出口按年增長逾1.5倍,維持其「跑贏大市」評級,該行對比亞迪盈利預測不變,目標價看302元。
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