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馮兆山先生(Michael Fung)
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現任職輝立經理,對投資股票、期權經驗豐富。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
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# 中國汽車業復甦 投資者可留意比亞迪 (1211.HK)

Thursday, February 4, 2021 Views7623

= 市場憧憬在中央推出新一輪汽車下鄉計劃, 及中國汽車市場復甦快速的前提下, 預期今年車市將重新錄得增長.

= 中汽協統計2020年, 及展望2021年內地的汽車銷量數字如下:

= 國務院已印發展規劃, 預計到2035年, 內地純電動車將成為新車主流, 公共用車全面電動化.

= 消費者對新能源汽車認知度提高, 中國車廠在近年佔中國新能源汽車市場超過八成的市場份額;外國汽車製造商已開始投入市場, 預料將透過其在華合資企業, 增加市場份額.

= 比亞迪 (1211HK) 計劃今年內推出獨立的新能源高級品牌, 並將於全新的平台開發產品, 建設獨立的經銷商網絡.

= 據了解, 比亞迪認為, 現有的經銷商能力無法支撐高級品牌所需要的「硬件和服務方面的高級感」. 因此決定另創新品牌, 以招覽新的經銷商投資者, 及建設新的經銷商渠道.

 

= 比亞迪研發成功刀片電池後, 近日有傳已獲現代汽車集團定點, 並已成立現項目組, 預計明年開始供貨海外, 中長線實現機會大.

= 比亞迪去年12月汽車線銷量約5萬6千輛, 按年增長約30.4%, 單月銷量創2019年以來最高;其中, 新能源汽車銷量近2萬9千輛, 按年增長約1.2倍, 佔比升至全年最高的51%. 去年全年汽車累計銷量42萬7千輛, 按年下滑7.5%;其中, 新能源車型銷量近19萬輛, 按年下滑17.4%, 燃油車銷量為23.7萬輛, 按年增長約2.3%.

= 比亞迪的「唐」系列車型去年銷量達36,753輛, 其中12月份售出4,699輛, 均價達到近27萬元人民幣;「漢」系列去年下半年累計銷量達40,556輛, 12月銷量達12,089輛. 「漢」每月新增訂單約1萬輛.

= 市場人仕預期, 比亞迪搭載全新第四代插混平台 DM-i 的秦 PLUS 計劃於今年1月上旬開啓預售, 新正向開發的 e 平台電動車型也將於今年內投產, 認為比亞迪當前處於明確的車型上行週期, 預計2021年全年電動乘用車有望錄得32萬輛銷售, 按年大增78%.

 

= 建議於十天移動平均線 = HK$254元附近作出吸納, 目標價設於HK$320元, 止蝕位於HK$210元.

 

本人馮兆山為證監會持牌人士。截至本評論文章發表日止,本人及或其有聯繫者並無持有全部提及之證券的所有相關財務權益。

 

I, Michael Fung, am a licensed person under the Securities and Futures Commission. Until the date this commentary was published, neither I and/or my affiliates are the beneficiary of the securities mentioned herein or are entitled to any financial interests in relation thereto.

 

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