《大行報告》野村降比亞迪(01211.HK)目標價至276元 下調盈測
野村發表研究報告指,將比亞迪(01211.HK)目標價下調至276元,維持「買入」評級,今年每股盈利預測由11.12元降至10.34元,明年每股盈利預測由14.56元降至12.71元。
野村認為,中國汽車市場正進入電動化的過渡期,電動車滲透率增長將會放緩,預計今年市場競爭將進一步加劇。考慮到比亞迪最新的減價措施及目前市場環境,將比亞迪的2024年及2025年的出貨量預測分別下調3%及5%,將2023年至2025年的收入預測下調 4至9%,將2024年及2025年毛利率預測分別下調0.6個百分點及0.9個百分點。
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