《大行報告》富瑞升理想-W(02015.HK)目標價至239.34元 季績勝預期
富瑞發表報告指,理想汽車-W(02015.HK)第四季度業績再次好過市場預期,收入及純利按季分別升20%及104%,平均售價按季跌4%至30.6萬元人民幣,汽車利潤率按季升1.5個百分點至22.7%,每輛汽車利潤4.3萬元人民幣,屬紀錄新高。今年首季10萬至10.3萬輛的交付量目標,符合該行預期。目標價由214.85元上調至239.34元,維持評級「買入」。
該行將公司今明兩年純利預測上調至192億及329億元人民幣,以反映較爲樂觀的利潤率前景,主要受惠成本控制及規模效益,抵銷價格競爭的不利影響。
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