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.
瑞銀對理想汽車-W公司(LI.US)的評級為買入，並在2011年第三季度財報節拍上將其目標價從46美元上調至47美元。
這家汽車製造商公佈第三季度營業虧損9800萬元人民幣，低於市場普遍預期和瑞銀(UBS)預測的3億至4億元人民幣。該公司調整後的營業利潤為336萬元人民幣，這在現階段是令人矚目的。本季度自由現金流達到12億元人民幣，脱穎而出。
同樣，管理層指導第四季度交付3萬至3.2萬輛汽車，這意味着11月或12月的月度交付數量為1.1萬至1.2萬輛，略高於街頭共識。
