高盛:上调比亚迪电子目标价至22港元,2027年收入增长将复苏

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【高盛:上调比亚迪电子目标价至22港元,2027年收入增长将复苏】高盛发表研报,比亚迪电子2027年收入增长将复苏,受惠于在存储器成本相对稳定下,智能手机及个人计算机需求企稳,以及公司产品组合升级;来自苹果及比亚迪的收入敞口增加,并扩展至AI服务器供应链。该行继续预期比亚迪电子毛利率至2028年将复苏,以2027年目标市盈率10倍计,目标价由21港元上调至22港元,维持“沽售”评级。高盛表示,终端需求在高存储器成本下偏温和,同时已把AI运算基础设施纳入预测,反映公司向AI数据中心扩张,并下调消费电子收入预测,相应将比亚迪电子2026至2028年净利润预测相应分别下调40%、3%及32%,仍预期2026年下半年按半年计可增长24%,因存储器成本企稳可带动电动车及消费电子终端需求改善,加上季节性较佳及更多旗舰机型推出。

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