《大行》高盛料增發10億美元股份支持蔚來(09866.HK)執行產品戰略
蔚來(09866.HK)(NIO.US)宣布發行10億美元股份計劃,包括發行美國存託股及A類普通股,每股A類普通股發行價43.36元,美國存託股票發行價定為每股5.57美元,較昨日(10日)收市價折讓約7%及11%。高盛發表研究報告指,所得資金將用於汽車技術研發、擴充換電及充電網絡投資,以及強化資產負債表,預期今次大規模股權融資將進一步支持蔚來執行其產品戰略,估算蔚來2025及2026年研發開支將達110億元人民幣,通過今次配售可使負債比率從98%降至92%。
該行又指,過去兩個季度蔚來的新車型包括樂道L90及蔚來ES8等競爭力顯現改善,預計第三及第四季度交付量可提升至8.9萬及13.1萬輛,對比首季及次季為4.2萬及7.2萬輛,給予「中性」評級,港股目標價31.8元,美股目標價4.1美元。
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