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<Research>CMSI Continues to Favor Leading OEMs, Recommends GEELY/ BYD/ XPENG
Recommend 64 Positive 107 Negative 43 |
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GEELY AUTO (00175.HK)'s Zeekr launched its new high-performance flagship SUV, Zeekr 8X, yesterday (16th) and opened for pre-sale, with a pre-sale price ranging from RMB376,800 to RMB516,800, a research report by China Merchants Securities International (CMSI) recaptured. The company disclosed that within 38 minutes of opening for pre-sale, small orders surpassed 10,000 units and are continuing to surge towards 20,000 units, indicating robust market demand. Given that new models typically see price or benefit adjustments following the official launch, orders were expected to be further released after the official launch in April. The broker also viewed that as the 9-series and 8-series product systems gradually improve, the company's path towards high-end market positioning is advancing positively. CMSI stated that the current pessimistic expectations for the automotive sector have been fully released, and valuations remain at historically low levels. On the back of the new model cycle and accelerating intelligent technology, the broker continued to favor leading OEMs, recommending GEELY (target price of HKD32, rating Overweight), BYD COMPANY (01211.HK), and XPENG-W (09868.HK), while also noting short-term trading opportunities for NIO-SW (09866.HK). AASTOCKS Financial News Website: www.aastocks.com |
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