Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Drops XPENG-W (09868.HK) TP to $107.8, Lowers Earnings Forecasts on Valuation Robotics Biz Incorporation
Recommend 4 Positive 11 Negative 4 |
||||
|
||||
|
Citi Research issued a research report expecting that XPENG-W (09868.HK) will deliver approx. 1,000 humanoid robots in 4Q26. Based on the cost structure of Tesla and industry peers, the broker forecasted an average selling price of RMB1.23 million, with a gross profit margin of 35%. After revising earnings forecasts and modifying the valuation method from pure PS ratio to SOTP valuation to reflect the inclusion of the robotics business, Citi Research dropped its target prices for XPENG-W's H-shares/ US stock from $110.6/ US$28.4 to $107.8/ US$27.6, with rating at Buy. The broker reduced its 2025 revenue forecast for XPENG-W by 5%, and raised its net loss forecast by 12% to RMB1.501 billion. It is expected that the vehicle gross profit margin in 4Q25 will decline to 11.7%, but the quarter may still record a slight profit of approx. RMB22 million. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
