《大行》招商證券籲長線趁低吸納比亞迪(01211.HK) 目標價170元
招商證券研究報告指,比亞迪(01211.HK)5月海外銷量大增至8.9萬輛,管理層預計出口銷量逐月提升,有望超預期達到100萬輛以上,超出原先指引的82萬輛。公司對出海信心非常強,整體進入爆發期,海外售價相對穩定。另外,管理層預期中國新能源汽車長期滲透率可達80%、甚至90%,目前電動化的技術變革未結束,仍有充電速度和低溫性能等痛點需要解決。公司目標成為全球汽車公司,長期年銷量目標達1,000萬輛。
該行指,近期公司股價受5月底淡季促銷拖累,但考慮到公司出海增長超預期,高端車產強勁增長,以及碳酸鋰成本下降,預計對公司整體業績影響有限,建議長線趁低吸納。維持目標價170元(拆股後),予「增持」評級。
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