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《大行報告》摩通升比亞迪(01211.HK)目標價至300元 評級「增持」
摩根大通日前發表報告,指該行全球汽車團隊過去數周參選了比亞迪(01211.HK)主要離岸門店,包括日本、泰國、法國、德國、新加坡及香港。該行維持對比亞迪H股正面看法,料潛在上行來自本地電動車業務及海外擴張。該行上調比亞迪2023至2025年收入預測介乎11%至17%,純利預測則升30%至58%,H股目標價由275元升至300元,H股評級「增持」。 報告指內地汽車股上周集體反彈約6%,跑贏同期國指的4%升幅,主要受政策刺激消息、部分車企降價及潛在平倉活動所致。投資氣氛趨正面,料比亞迪是內地政府農村補貼或全國性推廣活動的受惠者之一,即使現時所知細節有限。 該行喜好比亞迪在本地電動車市場的領導地位,特別是插電式混合動力車型(PHEV),相信出口市場可提供長期上行空間。該行維持比亞迪H股為汽車代工股(OEM)喜好之選。
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