大行評級|大摩:比亞迪首季穩定的單位盈利反映較同業優秀的成本控制能力
比亞迪公佈其首季初步業績,料盈利按年升86%至118.9%,達85億元至100億元。摩根士丹利的研究報告指,認爲此表現應大致達到市場預期的單位盈利9000億元。
該行指,考慮到銷量按季升34%,加上消化庫存的額外資助,首季穩定的單位盈利反映了公司較同業優秀的成本控制能力。另外,包括公司智駕系統天神之眼的訂單比例在上週升至60%,公司加大了海洋及王朝系列換車激勵至4000元到2.2萬元,相信可助公司在踏入旺季時應付訂單上升。
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