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<Research>HSBC Research Lifts XPENG-W's TP to HKD115; Turnaround Expected in 4Q
Recommend 11 Positive 20 Negative 7 |
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XPENG-W (09868.HK) (XPEV.US) showed continuous improvement in its 2Q25 results, with net losses further narrowing to RMB478 million, compared to the 1Q25 loss of RMB664 million, according to a report from HSBC Global Research. During the period, XPENG-W's vehicle GPM beat expectations with a spike to 14.3%, which is believed to be driven by better product mix, economies of scale, and optimized supply chain costs. HSBC Global Research raised its target price for XPENG-W from HKD107 to HKD115, with a Buy rating remaining unchanged. AAStocks Financial News |
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