CMB: Ideal Car-W (02015.HK) i8 pricing is a positive surprise, reaffirms "buy" rating.

According to the Wise Finance APP, JPMorgan Chase released a research report stating that Ideal Cars Group (02015.HK) has finally launched its long-awaited electric sports utility vehicle (SUV) i8, and announced a price range of 321,800 to 369,800 yuan. The firm believes that the pricing is a positive surprise, as it is 8% lower than the pre-sale price. The base model of i8 is priced the same as its L8 extended-range electric car, but the high-end version is about 10,000 yuan more expensive than the L8. The firm reiterated its positive views on Ideal and expects strong performance in the second half of the year, reiterating its "Buy" rating and a target price of 135 Hong Kong dollars.