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《大行報告》大摩上調理想汽車(02015.HK)目標價至155元 評級「增持」
大摩發表評級報告指,理想汽車(02015.HK)首季收入大致上符合該行預期,惟資本開支較佳,令盈利表現優於預期。該行指,次季指引強勁達7.6萬輛至8.1萬輛,以及成交量於下半年回穩上升,意味著訂單良好勢頭持續。 該行將公司今年、明年及2025年汽車銷量預測上調30萬輛、42萬輛及60萬輛;而今年汽車毛利率預測維持在20.4%不變,符合公司指引,惟將明年及2025年預測則下調1個百分點及1.5個百分點。 該行料公司今年全年錄得利潤(比原預測提前一年),淨利率約3%,而明年及2025年則分別改善至5%及7%。該行將其目標價由110元上調至155元,維持其評級為「增持」。(ca/u) ~
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