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| HSI1 | 24,231.30 | -138.41 | 383.17B |
| HSCEI1 | 8,914.03 | -24.06 | 180.15B |
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2025-03-05 11:17:46 CMS released a research report expressing a continued positive outlook on China’s new energy vehicle (NEV) sector, recommending XPENG-W (09868.HK) (XPEV.US), GEELY AUTO (00175.HK) and BYD COMPANY (01211.HK). The broker highlighted that these three companies are hailing favorable developments in both intelligent technology and sales, on the back of national subsidy policies. Their operational flexibility, coupled with an intensive pipeline of new product launches, enhances the visibility of their growth prospects. CMS assigned an Overweight rating to all three. Among nascent brands, CMS kept unchanged profit forecasts for XPENG-W and LI AUTO-W (02015.HK) (LI.US), while raising their TPs to HKD110 and HKD154, respectively. In the auto parts sector, the broker recommended MINTH GROUP (00425.HK) and FUYAO GLASS (03606.HK). It believed MINTH GROUP’s foray into the humanoid robot market could drive valuation recovery, while FUYAO GLASS rides on high industry barriers and strong pricing power. Both were given Overweight ratings, with TPs set at HKD34 and HKD73, respectively. ~ AAStocks Financial News Web Site: www.aastocks.com | |