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<Research>Citi Keeps Buy Rating for YADEA (01585.HK) as Mkt Shr Expected to Gain Ahead
Recommend 7 Positive 8 Negative 4 |
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Citi Research published a research report keeping rating at Buy for YADEA (01585.HK), with a target price of $22.5. YADEA issued a positive profit alert for FY2025, with net profit expected to be no less than RMB2.9 billion, up over 128% YoY, in line with market expectations. This is primarily driven by higher EV sales and improved product mix. Net profit per vehicle in 2H25 is estimated to be approx. RMB167, lower than RMB188 in 1H25, due to weakened economies of scale and the impact of the new national standards on capacity utilization. The broker believed that industry consolidation may accelerate, with YADEA being the biggest beneficiary as a leader. AASTOCKS Financial News Website: www.aastocks.com |
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