大行評級|大和:上調比亞迪目標價至484港元 上調今明兩年銷售量及淨利潤預測
大和發表研報指,預期比亞迪憑藉海外擴張,以及在當前電氣化和智能化趨勢下與合資企業的市場份額增長,其2025至2027財年銷售量增長展望將有良好可見度。該行將比亞迪2025至2026財年銷售量預測上調5%,淨利潤預測上調10%。
比亞迪早前發盈喜,預期2025財年首季淨利潤按年增長85%至118%。大和估計,每輛汽車利潤將爲8,500至1萬元,按年增長17%至38%。另外,比亞迪目標於今年海外銷售量達80萬輛,相對於2024年的41.7萬輛。
大和預期,插電式混合動力車型的推出將是比亞迪的主要推動力之一,因其已在歐洲和拉丁美洲完成認證流程。另外,比亞迪在中國已證明其超級混動(DMi)技術的成功,故該行對其海外發展持樂觀態度。大和將比亞迪目標價由431港元上調至484港元,維持“買入”評級。
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