UBS Adds Li Auto (LI.US) TP to US$47, Rated Buy
UBS Adds Li Auto (LI.US) TP to US$47, Rated Buy
UBS rated Li Auto Inc. (LI.US) at Buy and raised its price target from US$46 to US$47 on 3Q21 result beat.
The carmaker posted 3Q operating loss of RMB98 million, below street consensus and UBS' forecast of RMB300-400 million. The firm's adjusted operating profit of RMB3.36 million was remarkable at this stage. Free cash flow reached RMB1.2 billion in the quarter, standing out from peers.
Equally, the management guided for 4Q delivery of 30,000-32,000 cars, implying a monthly delivery of 11,000-12,000 units in November or December, moderately above street consensus.
瑞银对理想汽车-W公司(LI.US)的评级为买入，并在2011年第三季度财报节拍上将其目标价从46美元上调至47美元。
这家汽车制造商公布第三季度营业亏损9800万元人民币，低于市场普遍预期和瑞银(UBS)预测的3亿至4亿元人民币。该公司调整后的营业利润为336万元人民币，这在现阶段是令人瞩目的。本季度自由现金流达到12亿元人民币，脱颖而出。
同样，管理层指导第四季度交付3万至3.2万辆汽车，这意味着11月或12月的月度交付数量为1.1万至1.2万辆，略高于街头共识。
