《大行》麦格理降比亚迪(01211.HK)目标价至276元较高研发开支压低每辆车利润

阿斯达克财经04-30

麦格理发表报告，因应同业估值调整，下调对比亚迪(01211.HK) 目标价，由280元降至276元，相等于预测2025年市盈率19倍，评级“跑赢大市”。该行亦下调对公司今明两年纯利预测4%及12%，反映研发开支上升，纵使部分地被更好的毛利率抵销。该行亦下调对比亚迪今年销售车辆假设1%至371万辆，但仍按年升23%。该行指，首季纵使毛利率上升，但每车盈利能力下降，亦意味每车纯利按季跌21%及按年跌...

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《大行》麦格理降比亚迪(01211.HK)目标价至276元 较高研发开支压低每辆车利润

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《大行》麦格理降比亚迪(01211.HK)目标价至276元较高研发开支压低每辆车利润