Research Note
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Deutsche Bank raises delivery forecast for Nio over next two years, reiterates Buy rating and $60 price target
The team maintained its $60 price target based on 8x 2023E EV/sales, down from 9x previously to account for a broader re-rating of the EV-related stock.
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Analysts give BYD target valuation of RMB 1.5 trillion
Following analysts' claims not long ago that BYD would move toward a market capitalization of RMB 1 trillion, there is now a more optimistic team.
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Goldman Sachs gives Li Auto's H-shares initial rating of "Buy" with target price of HK$240
This represents a 103 percent upside compared to Li Auto's offering price of HK$118.
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Deutsche Bank's first look on Nio Q2 earnings: Lower gross margin likely due to higher supply chain inefficiencies
Nio reported Q2 earnings earlier today that exceeded Wall Street's expectations, and Deutsche Bank analyst Edison Yu's team released their initial take.
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Analysts expect software to bring sustained revenue for Xpeng
Realization of the XPILOT software will be a sustained source of revenue and profit for Xpeng Motors in addition to vehicle sales, Northeast Securities said in a report released Tuesday.
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Nio to report its Q2 earnings this week, what to watch?
Edison Yu's team from Deutsche Bank maintained a Buy rating on Nio and a $60 price target. Nio closed down 3.86 percent to $43.84 on Friday.
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Analysts raise BYD price target after strong delivery data
The report said it raised its 6-month price target to RMB 360 ($55.7) from RMB 290 per share and maintained a "Buy-A" rating as the company's battery capacity and vehicle sales exceeded expectations.
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CICC raises Xpeng price target by 20% to $55
CICC said it raised the price target of Xpeng's US stock by 19.6 percent to $55, with a 36 percent upside, considering its sales continue to exceed expectations.
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Daiwa initiates coverage on Xpeng with Buy rating and HK$200 price target for its HK shares
Daiwa expects Xpeng to be a leader in China's autonomous driving space and a leader in its commercialization process. The team believes Xpeng will be profitable by 2022.
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Analysts say BYD's market cap on track to reach RMB 1 trillion
Analysts at Huachuang Securities see BYD's market capitalization heading toward RMB 1 trillion ($155 billion), citing strong fundamentals including its auto business as well as its battery business.
