高盛預計，隨着第二代刀片電池新車型放量、海外銷量佔比提升及原材料成本趨穩，比亞迪利潤率有望改善： 1、海外市場被視爲第二增長引擎，2025—2030年新增汽車銷量中預計88%來自海外，海外利潤貢獻佔比預計由2025年的64%升至2030年的81%；總銷量預計由460萬輛增至750萬輛。 2、高盛維持“買入”評級，A股/H股12個月目標價分別爲137元和134港元。主要風險是新能源汽車競爭加劇、海外擴張慢於預期及外售電池表現不及預期。（上述觀點來自高盛9月2日報告）

Hong Kong open Sept 4 (Fri): HSI +302.43 pts (+1.20%) at 25,515.74; Hang Seng Tech +65.34 pts (+1.46%) at 4,533.82; Hang Seng China Enterprises Index (HSCEI) +96.04 pts (+1.15%) at 8,481.28; Red Chip Index +27.38 pts (+0.66%) at 4,204.84.

Hong Kong stocks closed higher; the HSI rose 1.74% and the Hang Seng Tech Index gained 2.27% after intraday peaks above 2% and 3% respectively. Pork-related names led a sector move, with COFCO Joycome (01610.HK) up more than 9%. Large internet names rebounded: Meituan (03690.HK) +5%, NetEase-S (09999.HK) +3%. AI-application plays outperformed: China Literature (00772.HK) +8%, Shenyan Intelligent (02723.HK) +9%. Autonomous-driving names advanced, including Hesai-W (02525.HK) +6% and Baidu (09888.HK) +4%. Other top-performing sectors were coal, new consumption, mainland property, building materials & cement, and oil & gas; laggards included power semiconductors, PCB, port transport, chips, OLED and optical communications. Notable decliners: Xiyin-W (00625.HK) -9%, Hua Hong Hongli (01347.HK) -8%.