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2021-06-08

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摩根士丹利：下调比亚迪A和H股评级至低配面临盈利不确定性

摩根士丹利称，对比亚迪来说，满足市场对其运营突破的高期望更具有挑战性，同时与同行相比，当前比亚迪的风险回报较低，下调公司A股和H股评级至低配。分析师Tim Hsiao等在报告中指出，比亚迪面临的运营阻力包括公司对零部件、电池和整车的垂直整合在提高效率的同时，限制了成本转嫁能力，使其在通胀环境中面临更多的盈利不确定性。

摩根士丹利：下调比亚迪A和H股评级至低配面临盈利不确定性

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