Market Brief

The articles are produced in Chinese only.

Author

許偉龍先生(Anthony Hui)
高級交易員

現任職輝立高級交易員,對投資股票經驗豐富。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。
Phone:
36533066

小鵬汽車有限公司 - W (9868)

Wednesday, January 26, 2022 Views10664

業務概要: 集團主要於中國從事設計、開發、製造及銷售智能電動汽車,以及提供相關的售後服務及維修保養。

 

基本資料 :

現價: $153

市值: 2,620.52億

 

52週高/低: $220/$131

10天/50天/100天平均價 : $178.39/ $184.146/ $172.657

 

業務回顧:

截至2021年9月30日止的第三季業績,小鵬汽車的收入按年增加187.4%至57.2億人民幣; 普通股東應佔淨虧損由去年同期20.26億元,收窄至15.95億元, 主要由於渠道擴張和品牌價值改進,令汽車交付量增加所致。

 

評論:

第一,公司在財報中明確將探索RoboTaxi (全自駕計程車業務),時間預計2022年下半年。(有大行指出Robotaxi是更具想象力的業務,據大行預計,到2030年Robotaxi全球市場空間將超過2萬億美元,大大超過網約車市場)。

 

第二,小鵬汽車自有肇慶工廠加上在建的廣州和武漢工廠的總設計產能達40萬輛,通過每天20小時生產的雙班制,能實現60萬輛的年產量。

 

第三,公司副董事長兼總裁顧宏地表示,小鵬汽車將在今明兩年加大對國際市場的投資,預計明年將進入瑞典、丹麥和荷蘭。

 

第四,公司官方宣布,知名機器人專家、原配天機器人總經理徐志根正式加入鵬行智能。加入鵬行後,徐志根將為鵬行智能的組織管理、技術體系、產品研發等提供系統性戰略指導,進一步確立小鵬旗下鵬行智能在智能機器人領域的核心優勢。

 

第五,1月25日小鵬汽車入股一徑科技,後者提供領先的全固態激光雷達解決方案,賦予無人駕駛汽車、機器人等人工智能應用可靠穩定、寬視角、遠距離及高分辨率的三維深度視覺能力 , 相信小鵬汽車接下來將在激光雷達領域進行探索。2021年9月中旬上市的小鵬P5成為全球首款搭載激光雷達的量產智能汽車,隨着另一款旗艦SUV小鵬G9的亮相,小鵬對激光雷達的需求將變得更大。

 

買賣策略
買入價: $142

目標價: $197

止蝕價: $128

 

資料來源: 阿斯達克財經網,披露易,2021年第三季業績公告,新浪財經

註:本人許偉龍為證監會持牌人士。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証券的所有相關財務權益。

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us