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《大行報告》瑞信:小鵬汽車(XPEV.US)6月交付量勝市場預期 次季付運高於指引
瑞信發表研究報告指出,小鵬汽車(09868.HK)(XPEV.US)6月交付量按月增長15%至8,620輛,為今年以來最高的交付量,並超過市場及該行預期。公司今年第二季的交付量按季增長27%至2.72萬輛,遠高於公司指引的2.1萬至2.2萬輛。 該行指出,小鵬銷量持續增長主要由其P7所推動,而P7於6月份的交付量按月增長17%。同時,公司於6月29日推出中型SUV新車G6,價格介乎21萬至27.7萬元人民幣,目前已收到逾3.5萬輛預售訂單,根據經銷商數據顯示訂單轉化率約40%,意味著約1.4萬輛為不可取消的訂單。 此外,該行認為小鵬G6具競爭力,管理層指引第三季的月交付量達1.5萬輛,第四季達2萬輛。該行對小鵬的目標價為14.5美元,維持「跑贏大市」評級。
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