《大行報告》美銀證券上調理想-W(02015.HK)目標價至144元 首季業績勝預期
美銀證券發表報告指,理想汽車(02015.HK)首季業績勝預期。雖然毛利率略低過該行預期,但季內純利爲9.3億元人民幣,按季增長262%,超出該行和市場預期,因爲營業費用對銷售比率改善。
美銀證券指,理想汽車第二季交付量指引介乎7.6萬至8.1萬架,意味按年增長165%至182%,按季增長45%至54%。同時稱6月份的月度銷量將達到3萬架。公司預計第二季收入爲242億至259億元人民幣,意味按年增長177%至196%,按季增長29%至38%。
美銀證券指,理想汽車稱優先考慮的是市場份額而不是進一步的盈利能力擴張。它不會考慮通過調整價格或折扣獲取更多的訂單,會長遠地規劃產品陣容計劃和定價。該行提升對公司2023至2025銷售量預測,並大幅提升今年純利預測。理想美股(LI.US)目標價由34美元升至37美元,港股目標價由133元升至144元,重申「買入」評級。
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