Citi released a research report sayingwsopfreechipsfacebook, maintain the "Buy" rating of Ideal Car-W (02015), with a target price of 167wsopfreechipsfacebook.6 HKD lowered to 113wsopfreechipsfacebook.8 Hong Kong dollars.
The report stated that it updated its evaluation of ideal cars and lowered its net profit forecast for the three-year period from 2024 to 2026 by 38% to 51%, to 6.7 billion, 7.7 billion and 12.1 billion yuan respectively. It is believed that the market headwinds will continue until next year. However, the company's customer penetration, cash flow and cash position are relatively high compared to itswsopfreechipsfacebookHis new competitor in the new energy vehicle market has a better positioning under the new pure electric vehicle product cycle.
The bank said it would lower its sales forecast for Ideal Cars from this year to 2026 from 570,000, 690,000 and 760,000 to 480,000, 560,000 and 645,000 respectively, because industry news said that orders fell significantly after May Day Golden Week and the postponement of the launch of pure electric vehicles are expected to affect sales performance in the second half of the year.
