中金:上調理想汽車(2015.HK)目標價至207港元 旺盛需求延續
中金髮研報指,理想汽車(2015.HK)11月交付量為13485輛,按年升190.2%,按季升76.3%,首11個月累計交付量為76404輛,按年升188.3%。該行認為11月銷量增加主要由於芯片短缺導致供給瓶頸紓緩,同時,理想One單月訂單達到1.5萬輛,預期該車款需求遠超預期,故予其“跑贏行業”投資評級,並上調其美股及港股目標價104%及10.6%,至53美元及207港元。
報吿指,公司現金充沛,將繼續加大研發投入,擴展銷售及服務網絡,12月將OTA推送NOA功能,同時配備Nvidia Orin高算力芯片和激光雷達的智能新車計劃於2022年第三季量產,而具備高壓快充功能的純電動產品計劃於2023年下半年正式推出。
截至11月30日,公司在全國已有174家零售中心,覆蓋93個城市;此外,公司加速售後服務網絡佈局,在171個城市,授權開設了236家後維修中心及鈑噴中心。該行認為當前銷管費用的能力強大公司銷量和收入提升。

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