大行評級|交銀國際:維持理想汽車“買入”評級 目標價上調至196.11港元
交銀國際發佈研究報吿稱,維持理想汽車“買入”評級,上調2023/24年盈利預測24.5%/42.4%,以反映2023年L系的強勁銷量,以及更新了明年Mega和L6的銷量預測(未反映明年下半年3款車型的銷量),預測2024年銷量同比增長43.6%,目標價上調至196.11港元。公司指引4季度交付量為12.5-12.8萬輛,環比增長18.9-21.8%;收入為384.6-393.8億元,環比增長10.9-13.6%。該行表示,首款純電車型MPVMega預熱成功,有望為後續純電車型奠定成功基礎。理想首款純電車型MPVMega成功與否將直接影響明年下半年純電車型的營銷。同時理想計劃2023年落地300座5C充電站,到2025年達到超過1000座的規模,實現對90%國家級高速幹線的全線覆蓋。參考過往理想對產品和客户需求的精準判斷,以及Mega目前成功的預熱,該行預料Mega有望為後續純電車型奠定成功的基礎。
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