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<Research>HTSC Cuts LEAPMOTOR (09863.HK) TP to $40.96, Rating Buy as Earnings Beat
LEAPMOTOR (09863.HK) announced its positive profit alert recently, with earnings beating expectations, and expected 2024 revenue/ gross profit margin to be no less than RMB30.5 bil...
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<Research>HTSC Cuts LEAPMOTOR (09863.HK) TP to $40.96, Rating Buy as Earnings Beat
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LEAPMOTOR (09863.HK)  -1.700 (-5.015%)    Short selling $24.09M; Ratio 10.940%   announced its positive profit alert recently, with earnings beating expectations, and expected 2024 revenue/ gross profit margin to be no less than RMB30.5 billion/ 8%, Huatai Securities issued a research report saying.

The Company's net profit turned positive ahead of schedule in 4Q24 alone, mainly due to scale effect, improved sales volume structure and continuous improvement in cost management.

Related NewsCiti Raises LEAPMOTOR's TP to $45.6 as Earnings Beat Last Qtr
Huatai Securities kept rating at Buy on LEAPMOTOR, with a target price of $40.96, estimating that the Company's sales target of 500,000 units this year will be achieved, with the strong new car cycle and the early deployment and subside of channel side.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-01-15 16:25.)

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