The Zhitong Finance App learned that CMB International released a research report saying that the overall results of Ideal Automobile-W (02015.HK) in the second quarter were in line with expectations, but guidance for the third quarter was weak and gross margin was structurally downward, lowering the target price from HK$62 to HK$47, maintaining a “hold” rating. The bank lowered the company's 2026 sales forecast by 12% to 414,000 units, with a net loss of 4.298 billion yuan for the whole year. In 2027, sales volume was reduced by 11% to 500,000 units. Considering the gross margin baseline reset, the net profit forecast was lowered by 33.7% to RMB 2,753 billion. The target price corresponds to 30 times the projected price-earnings ratio in 2027.
Zhitongcaijing · 2d ago
Share
Listen to the news
The Zhitong Finance App learned that CMB International released a research report saying that the overall results of Ideal Automobile-W (02015.HK) in the second quarter were in line with expectations, but guidance for the third quarter was weak and gross margin was structurally downward, lowering the target price from HK$62 to HK$47, maintaining a “hold” rating. The bank lowered the company's 2026 sales forecast by 12% to 414,000 units, with a net loss of 4.298 billion yuan for the whole year. In 2027, sales volume was reduced by 11% to 500,000 units. Considering the gross margin baseline reset, the net profit forecast was lowered by 33.7% to RMB 2,753 billion. The target price corresponds to 30 times the projected price-earnings ratio in 2027.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending