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| HSI1 | 25,143.05 | +580.81 | 306.41B |
| HSCEI1 | 8,381.90 | +245.17 | 93.65B |
| Back Zoom + Zoom - Block Traded | |
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2026-07-17 16:04:20 Morgan Stanley issued a research report on XPENG-W (09868.HK), of which new MONA L03 model will soon be launched globally. The aggressive pricing strategy in the China market is expected to drive sales volume, while the simultaneous launch in the European market is anticipated to improve the margin of the product mix. If the supply chain can smoothly ramp up production capacity, the broker expected monthly sales to exceed 15,000 units. In addition, the AI business is expected to provide further upside to valuation, therefore it maintained the Overweight rating on the company. Morgan Stanley stated that XPENG-W's near-term outlook hinges not only on sales volume, but also on product mix, as the European market offers higher ASP and margins. The broker envisioned the successful launch of MONA L03, paired with subsequent models such as G9L and L05, to stabilize the core automobile business, while initiatives in non-automotive sectors are expected to drive valuation re-rating in 3Q. The broker maintained its TP for XPENG-W H shares at HKD96. ~ AASTOCKS Financial News Website: www.aastocks.com | |