《大行報告》匯豐研究削蔚來-SW(09866.HK)目標價至83.8元 股價已大致反映季度銷售弱
匯豐發表研究報告指,蔚來-SW(09866.HK)(NIO.US)第三季銷量疲弱已大致在股價反映,自8月初以來其美股ADR股價已累跌44%、港股股價已累跌45%,該行之前高估第三季銷售增長,因為電動車市場競爭激烈,但認為股價已「跌過龍」,現時估值處於歷史低谷,屬吸引水平,維持H股「買入」評級。
報告指,蔚來的銷量在10月已開始回升,估計明年及2025年,銷量分別增長40%及24%。由於電動車市場競爭加劇,將今年至2025年三年期間的盈利預測,分別下調14%、45%、371%,料各年分別蝕195.41億、127.34億及72.49億元人民幣;H股目標價由142港元下調至83.8港元。
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