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中金:维持小鹏汽车-W(09868)“跑赢行业”评级 目标价降至47港元

CICC: Maintaining Xiaopeng Motor-W (09868)'s “Outperform the Industry” rating, the target price was reduced to HK$47

Zhitong Finance ·  May 22 22:44

CICC lowered Xiaopeng Motor-W (09868)'s revenue forecast for this year and next two years by 19% and 15% to 39.9 billion yuan and 85.8 billion yuan.

The Zhitong Finance App learned that CICC released a research report stating that it maintained the Xiaopeng Automobile-W (09868) “outperforming the industry” rating and lowered the revenue forecast for this year and next two years by 19% and 15% to 399 billion yuan and 85.8 billion yuan, and expected a loss of 7.2 billion yuan in 2024, less than the original forecast loss of 7.47 billion yuan. The target price was reduced by 19% to HK$47 billion.

According to the report, the cooperation between the company and Volkswagen Group (VWAGY) is expected to drive continuous improvement in gross profit and efficient cost control performance exceeding market expectations. Furthermore, the Mona brand, which will be released in June this year, will also be one of the catalysts for rising stock prices. CICC is optimistic about the subsequent sales performance of Mona brand models.

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