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《大行報告》中金升理想汽車-W(02015.HK)目標價至207元 評級「跑贏行業」
中金髮表報告,指理想汽車-W(02015.HK)突破供給樽頸,11月銷量超預期,其11月交付量13,485輛,按年升1.9倍,按月升76.3%。首十一個月計,累計交付量76,404輛,按年升近1.9倍。 報告認爲理想汽車11月銷量按月大增,主要來自芯片短缺導致的供給樽頸緩解。同時,理想One也成爲首款單月銷量破萬的車款,售價30萬元人民幣以上的自主品牌車型,也成爲大中型SUV銷售冠軍,打破細分品類銷量紀錄。 中金稱,理想汽車研發和渠道佈局繼續擴張,NOA智能駕駛、HPC高壓快充陸續落地。大單品戰略成效顯現,穩步邁向多元,長期成長可期。當前理想汽車估值相當於預測明年市銷率4.4倍,維持公司盈利預測和「跑贏行業」評級不變,由於理想ONE需求超預期,上調H股目標價10.6%至207港元,相當於預測明年市銷率6.5倍。
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