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<Research>Citi Raises LEAPMOTOR's TP to $45.6 as Earnings Beat Last Qtr
LEAPMOTOR (09863.HK) delivered better-than-expected 4Q24 results, with last year's total revenue and GPM expected to be no less than RMB30.5 billion and 8% respectively, Citi r...
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<Research>Citi Raises LEAPMOTOR's TP to $45.6 as Earnings Beat Last Qtr
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LEAPMOTOR (09863.HK)  -1.700 (-5.015%)    Short selling $24.09M; Ratio 10.940%   delivered better-than-expected 4Q24 results, with last year's total revenue and GPM expected to be no less than RMB30.5 billion and 8% respectively, Citi remarked in its report.

The broker slightly raised its sales forecasts for the company for 2025 and 2026 to 490,000 and 575,000 units, with the same period's forecast elevated from a loss of RMB976 million and a net profit of RMB1.5 billion to a net profit of RMB695 million and RMB2.91 billion.

Related NewsHTSC Cuts LEAPMOTOR (09863.HK) TP to $40.96, Rating Buy as Earnings Beat
The broker mildly lifted its target price for LEAPMOTOR from $45.1 to $45.6, with a Buy rating remaining in place.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-15 16:25.)

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