Wedbush: superfactories in Berlin and Austin will significantly expand capacity, reiterating Tesla, Inc. 's target price of 1000 US dollars.

Wedbush analyst Daniel Ives pointed out that although there is a shortage of chips,$Tesla, Inc. (TSLA.US) $It is an obvious disadvantage for the automotive / technology industry as a whole, but he believes that expanding manufacturing capacity globally remains the key to the company's success in 2022 and beyond.

Ives believes that at this point, Tesla, Inc. 's global capacity will be significantly expanded if plants in Austin and Berlin start operating in the coming months.

The analyst believes that the new plant in Berlin will be approved to operate and start production next month, while Austin will become the center of Tesla, Inc. 's capacity construction in the next few years. With the passage of time, more and more production will be transferred from Fremont to Austin, and considering the scale and scope of the Austin plan, Tesla, Inc. 's car profits can be expected to increase by 2022, with Cybertruck as the core.

The analyst reiterated the stock's "outperform" rating, with a target price of $1000.

As of press time, Tesla, Inc. rose 0.53% to US $796.13 before trading.

Citic: downgrade BABA's target price to HK $238 and maintain its "buy" rating

CITIC reported that due to torrential rains, the epidemic and other factors, the overall growth of physical e-commerce slowed down from July to August in 2021, BABA's core business monetization is expected to remain relatively stable, the bank expects the company's core e-commerce GMVyoy+8%, customer service income yoy+8% in the September quarter.

The bank also believes that the increase in investment in businesses such as Taobao special, vegetable shopping and local life from the previous month will affect profit release, and core business EBITAMargin is expected to fall to 20 per cent in the September quarter. In terms of cloud business, the loss of key customers and the impact of the education industry still exist, and the business development of government and enterprises will be the main driver of performance growth in the future.

Taking into account the weak consumer market, intensified competition in the core business sector and continued investment in new business, the bank lowered BABA Group's fiscal year 2022 / 2024 revenue forecast to 911.1 billion yuan / 1.1416 trillion yuan / 1.3873 trillion yuan (originally forecast to be 930.3 billion yuan / 1.1704 trillion yuan / 1,420.7 billion yuan). Compared with the same period last year, + 27%, 25%, 22%. The net profit (Non-GAAP) for fiscal year 2022-2024 is forecast to be 150.8 billion yuan / 176 billion yuan / 192.8 billion yuan (originally forecast to be 167.2 billion yuan / 190.5 billion yuan / 212 billion yuan), compared with the same period last year. The current price corresponds to the company's Hong Kong stock PE (Non-GAAP) 17x/14x/13x. The bank gives core business 15xPE, cloud computing 10xPS, while taking into account Cainiao and other business valuations. Based on SOTP valuation estimates, the bank lowered the company's Hong Kong stock target price to HK $238 per share and US stock target price to US $243US / ADR.

CITIC believes that the decline in the company's share price largely reflects pessimistic expectations of short-term fundamentals, but in the long run, the company, as the industry leader, has a significant competitive advantage in the field of digital business services, and the bank maintains a relatively optimistic attitude towards the company in the medium and long term. maintain the company's Hong Kong and US stock "buy" ratings.

BABA's Hong Kong shares closed down 3.87% at HK $161.3.

Mizuho: lower the target price of Tencent from HK $530 to HK $510, maintaining a neutral rating

Mizuho analyst James Lee will$Tencent (00700.HK) $Lowered its target price from HK $530 to HK $510 and maintained its neutral rating on the stock. The analyst expects Tencent's game business to remain under pressure due to tighter regulation and a lack of releases of large games.

The consensus forecast for Tencent's revenue growth of 12 per cent year-on-year "seems a bit radical", Lee told investors in a research note. In addition to the core business of games, Tencent is also under pressure from declining advertising revenue in both education and games, the analyst added.

Tencent closed down 2.58% at HK $483.2 today.