《大行》美銀證券下調理想汽車(02015.HK)評級至「中性」 目標價降至101元
美銀證券發表報告將理想汽車(02015.HK)評級從「買入」下調至「中性」,因公司於第二季財報中預告第三季銷量與毛利率將下滑。管理層預估第三季交付量為9萬至9.5萬輛,按年減少38%至41%,毛利率為19%。該行認為最新指引反映市場競爭加劇,將拖累理想汽車的銷售增長前景。
美銀證券將理想汽車2025至27財年預期銷量分別下調12%、12%及8%,並將營運支出佔銷售額比例分別上調2.1、2.1及1.5個百分點,將non-GAAP盈利預期分別下調38%、33%及31%。
美銀證券將理想汽車美股ADR(LI.US)和港股目標價分別由31美元和121港元,下調至26美元和101港元,主要基於銷售與自由現金流預期下修。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.