大行評級 | 花旗:理想汽車(LI.US)料今年毛利率20%以上 維持“買入”評級
格隆匯6月6日丨花旗發研報指,理想汽車-W指於今年5月交付汽車約1.15萬輛,指目前的產能利用率爲70%,此輪疫情後呈復甦,並估計芯片供應瓶頸問題會持續。該行亦引述理想汽車的管理層料旗下新車型“L9”將在今年6月發佈,估計在今年第三季開始付運。理想稱“理想ONE”月交付量已達到1萬輛,該車型已達到其指定的22%以上的毛利率目標,而“L9”新車的毛利率目標爲25%,預計當該車型的月交付量達到1萬輛時,“L9”毛利率可達到目標。公司管理層表示前毛利率維持在22%以上水平,預計今年毛利率將高於20%。 對於今年第二季,管理層確認電池漲價不會對理想汽車的毛利率產生負面影響,因爲現有電池庫存可以部分抵銷漲價的影響。花旗維持對公司“買入”評級及目標價26.8美元。該股現報26.21美元,總市值271億美元。
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