Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Haitong Int'l Chops NIO-SW (09866.HK) TP to $49.45 as 2Q Rev/ Deliveries Hit Record Highs
Recommend 7 Positive 8 Negative 8 |
||||
|
||||
|
NIO-SW (09866.HK)'s 2Q24 revenue and deliveries hit new record high, while net loss narrowed, Haitong International released a research report saying. The Company's 2Q24 non-GAAP net loss narrowed 16.7% from 2023. The Company expected 3Q24 revenue to range from RMB19.11 billion to RMB19.67 billion, up 9.5-12.7% YoY, and forecasted auto deliveries to reach 61,000 to 63,000 units, up 6.3-9.8% from the same period last year. Consolidating the Group's 3Q24 guidance and Onvo's launch timeline, Haitong International maintained its delivery forecast of 230,000 units for this year, but lowered its 2024-2026 revenue forecasts by 8%/ 13%/ 7% to RMB70.43 billion/ RMB93.43 billion/ RMB119.86 billion, respectively. Therefore, the broker chopped its target price from $57.2 to $49.45, with rating kept at Outperform. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
