《大行報告》大和上調理想汽車(LI.US)目標價至35美元 評級「買入」
大和發表報告指,理想汽車(02015.HK)(LI.US)管理層透露今年度預期交付量可達28萬至30萬輛車,毛利率預料可超過20%,或代表公司今年底可扭虧為盈。
理想去年第四季收入按年增長66%,按季比較亦增長89%,大和認為,主要由於期內交付量提升,以及所交付的以均價較高車型為主。L7 Pro和Max車型將於今年4月及5月起交付,考慮到產品組合改變,該行估計公司今年產品均價可提升3%。
大和將今明兩年的交付量預測分別降低到26.8萬及36萬輛,以反映行業競爭加劇,將今明兩年收入預測降低10%至15%,美股目標價由32美元升至35美元,認為公司在家庭SUV市場中具有差異化品牌定位,維持「買入」評級。
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