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.
《大行報告》大摩料內地汽車價格競爭持續至明年首季 維持比亞迪(01211.HK)「與大市同步」評級
摩根士丹利發表報告,留意到市傳比亞迪(01211.HK)進一步加大部分補貼力度,觸發其股價上周五(24日)下挫,反映出市場對公司進一步的補貼及作出折扣調整的潛在風險的擔憂。該行指,比亞迪的定價策略於年初至今對比其他本土品牌一直很理性,但鑑於第四季和次季節行業需求,令比亞迪年底渠道庫存上升,或者公司可能需要推出折扣,以緩解經銷商的庫存及利潤壓力。 該行認為,內地汽車市場競爭沒有結束的跡象:相信整個產業價格競爭將持續到明年首季,儘管特斯拉(TSLA.US)提高了ModelY/3的價格,但從上周的廣州車展推出情況顯示似乎減價沒有任何暫停的跡象。這一點加上該行最近查看比亞迪新推出的海豹DMi和海獅07的相對冷淡的反饋,可能令公司/經銷商的促銷策略變得更加積極。 大摩指,鑑於內地汽車業務的周期性,維持對比亞迪「與大市同步」評級及H股目標價242元,雖然仍看好比亞迪的基本面,但因行業困難情勢和宏觀不確定性,令其對比亞迪的看法更加審慎。
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