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<Research> M Stanley Reiterates XPENG-W (09868.HK) Overweight, TP HKD96
Recommend 9 Positive 23 Negative 3 |
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Morgan Stanley issued a research report stating that the GX model under XPENG-W (09868.HK) has become a key proof point in attracting investors. The broker is monitoring whether management can manage product launch cadence in the second half of the year, effectively execute overseas expansion, and advance its non-automotive business plans. M Stanley noted that XPENG-W plans to launch the G9L and MONA L03/L05 in the second half of the year, which should help reduce seasonal fluctuations in sales. The broker remains optimistic about the recovery prospects driven by the GX and other model cycles. It believes that sustained sales growth, against a backdrop of overall industry weakness, should enhance earnings visibility and support subsequent share price performance. The broker reiterated its Overweight rating on the company with a TP of HKD96, adding that initiatives related to embodied AI will serve as catalysts for a re-rating. (sl/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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