Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM: Lack of Visibility on LI AUTO-W (02015.HK)'s New Product Strategy Expected to Be Key Headwind to Shr Price
Recommend 14 Positive 20 Negative 11 |
||||
|
||||
|
LI AUTO-W (02015.HK)'s 3Q24 results slightly beat estimations, thanks to gross profit margin contribution from an unexpected supplier rebate during the quarter, JPMorgan issued a research report saying. Without this factor, the results were very much in line with JPMorgan's forecast. JPMorgan's main reservation on LI AUTO-W is the lack of visibility on its new models, especially the 2025 BEV models, about which the management provided little details on the results conference call. The broker believed that the lack of visibility on its new product strategy will be a key headwind for its share price. JPMorgan elevated its target price for LI AUTO-W's H-shares from $76 to $86, with its sector top picks including BYD COMPANY (01211.HK), XPENG-W (09868.HK), GEELY AUTO (00175.HK) and then NIO-SW (09866.HK). AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
