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《大行》招銀國際：比亞迪(01211.HK)首季平均售價及毛利率勝預期
招銀國際發表報告指，比亞迪(01211.HK)2026年第一季平均售價及毛利率均好過該行先前預測，主要受海外業務貢獻帶動。該行預期2026年毛利率將維持穩定，因為海外車輛毛利率估計較中國市場高出6-8個百分點。比亞迪同時對費用端更加審慎，特別是研發費用，資本化比率提升將為盈利提供更多韌性。該行指，依然認為比亞迪是高油價環境下的最大受惠者之一。維持「買入」評級...
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《大行》招銀國際：比亞迪(01211.HK)首季平均售價及毛利率勝預期
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招銀國際發表報告指，比亞迪(01211.HK)  0.000 (0.000%)    Short selling $413.81M; Ratio 20.201%   2026年第一季平均售價及毛利率均好過該行先前預測，主要受海外業務貢獻帶動。該行預期2026年毛利率將維持穩定，因為海外車輛毛利率估計較中國市場高出6-8個百分點。比亞迪同時對費用端更加審慎，特別是研發費用，資本化比率提升將為盈利提供更多韌性。該行指，依然認為比亞迪是高油價環境下的最大受惠者之一。維持「買入」評級，目標價125元。(ha/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-14 16:25.)

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