CICC: Maintains Buy rating on Ideal Auto -W (02015), target price of 155 Hong Kong dollars, outperforming the industry.

Zhitong Financial APP learned that Zhongjin released a research report stating that it maintains a bullish rating on Ideal Motors (02015,LI.US), with profit forecasts for 2025/26 under the Non-GAAP calculation. Currently, the Hong Kong and US stocks correspond to 21/17x 25E P/E, maintaining a target price of HK$155/US$40, corresponding to 31/26x 25E P/E, with 49%/50% upside potential. Recently, the company held a launch event for the L series smart renewal version and started nationwide deliveries.