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《大行》高盛:理想(02015.HK)i8售價符預期 料月銷量6,000輛
阿思達克 07-31 10:36
高盛發表報告指,理想(02015.HK)正式推出其首款純電動SUV車型i8,起售價爲32.18萬元人民幣(下同),與L8相同,符合該行之前預期。 根據該行產品比較分析,理想i8在價格、尺寸和自動駕駛方面得分較高,總分接近AITO M8/理想L8(月均銷量分別爲1.2萬/6,000輛),高於當前最暢銷的純電動SUV蔚來ES6 (月均銷量6,000輛)。隔夜,理想ADR股價下跌6%,可能是投資者在消息公佈後獲利離場,因該股股價自7月9日理想宣佈i8預售/上市日期至7月28日已上漲12%。 該行預計i8在30萬至40萬元人民幣的SUV市場中具有競爭力,月均銷量有望達至6,000輛,與之前預期一致,與ES6/L8相當,推動9月及2025年第四季的銷量增長。 展望未來,該行指,隨着i8進軍純電動SUV市場,預計2025年純電動車型將佔總銷量的13%,2024年爲2%;藉助AI技術發展節省研發費用,預計未來盈利能力將提升。近期催化劑包括2025年第二季業績、i8交付進展和i6上市。該行對理想港股目標價爲138元,美股目標價爲35.3美元,評級「買入」。
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