You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨華創證券:Q2產品矩陣加固有望提振量利 維持比亞迪“強推”評級
格隆匯 05-04 15:32
格隆匯5月4日丨華創證券研報指出,比亞迪(002594.SZ)Q1業績表現穩健,剔除比電財報後單車淨利約0.69萬元。公司目前是國內10-30萬元區間最暢銷的新能源品牌,王朝及海洋旗下擁有多款月銷破萬的爆款,經歷補貼退坡後車型盈利也得到驗證。上海車展上,比亞迪亮相的新車包括海鷗、驅逐艦07、宋 L、騰勢N7、仰望U8等,其中海鷗、騰勢N7有望Q2上市。年中,公司核心車型宋Plus年改有望上市、40-60萬元的新品牌F系列有望發佈。自Q2開始,公司產品發佈節奏漸入佳境,有望驅動公司量利再度上行。該行指出,短期,看好產品矩陣加固的量利釋放;中長期,看好海外市場攻城拔寨帶來的發展機遇。維持預測公司2023年目標市值1.0萬億元,對應23年PS 1.7倍、PE 40倍。維持A股目標價348.0元;考慮匯率、A/H溢價,調整港股目標價至303.6港元,對應A/H溢價1.3倍。維持“強推”評級。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account