大行評級|交銀國際:上調小鵬汽車H股目標價及評級 Q4銷量有望錄得較大改善
交銀國際發表報吿指,小鵬第四季銷量有望錄得較大改善。從今年第三季開始,小鵬將進入一個新產品發佈週期,在未來三年內發佈多款新車型,覆蓋10萬至40萬元價格段。MONA系列的首款車型是一款售價低於20萬元的A級純電動轎車,其特點是設計美觀、空間大、智能化程度高。展望第四季,小鵬將推出B級純電動轎車F57。F57通過技術進步,成為首款實現成本降低25%的產品,與現有車型(除X9外)相比,預計毛利率將更高。隨着兩款新產品的交付,該行預計小鵬第四季銷量將按季大幅增長。
交銀國際指,小鵬股價下行空間有限,評級由“沽出”上調至“中性”,H股目標價由29.96港元上調至30.53港元。小鵬的月銷量已經在5月份重回萬輛水平,隨着銷售渠道變革和下半年的新車發佈,其銷量有望在年內持續改善。
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