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大行評級|星展:上調比亞迪電子目標價至65港元 受惠AI iPhone和新能源車滲透
格隆匯 02-18 16:04

星展發表研報指,預計比亞迪電子將受益於母公司比亞迪股份在中國強勁的新能源汽車出貨量、每輛車更高的汽車電子產品價值,以及在2025財年推出的智慧懸吊及傳感器等新車產品。另外,該公司同時正積極滲透iPhone價值鏈。報告提及,比亞迪電子作爲AI iPhone及領先安卓品牌的主要供應商,容許其在DeepSeek AI結合安卓手機上分一杯羹。

星展預計,比亞迪2025及2026財年的新能源汽車出貨量將分別增長24%和18%。同時預計,到2025財年,每輛新能源汽車的汽車電子產品平均價值將按年上升22.9%;至於2026財年料按年升18.5%。因此,該行預計比亞迪電子的汽車電子業務在2025及2026財年將分別增長68%及54%,佔其2026財年營收份額26%。另外,星展維持對比亞迪電子的“買入”評級,並將目標價由48港元上調至65港元,同時將2025及2026財年盈利預測分別上調10.2%及7.1%。

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