研報掘金丨交銀國際:給予蔚來汽車買入評級,邊際改善股價迎來短期反彈機會
交銀國際就蔚來汽車(9866.HK)發佈研報稱,該公司子品牌樂道新車型L90開啓預售,其預售價僅19.09萬超出預期,在同級別車型中極具競爭力。該車型發佈預示未來市場焦點或在於邊際改善,特別是銷量回升的可持續性,同時降本效果能否達到市場的預期,目前蔚來2025年市銷率約爲0.6倍,下行空間有限,邊際改善股價迎來短期反彈機會,維持買入評級。
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