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<Research>Daiwa Largely Hikes NEXTEER (01316.HK) TP to HK$6, Maintains Outperform Rating
Daiwa, in its report, raised the target price for NEXTEER (01316.HK) from HK$3.1 to HK$6, maintaining an Outperform rating. The broker revised up its EPS forecast for the company b...
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<Research>Daiwa Largely Hikes NEXTEER (01316.HK) TP to HK$6, Maintains Outperform Rating
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Daiwa, in its report, raised the target price for NEXTEER (01316.HK)  -0.020 (-0.364%)    Short selling $11.84M; Ratio 9.344%   from HK$3.1 to HK$6, maintaining an Outperform rating. The broker revised up its EPS forecast for the company by 23-25% for 2025 and 2026, reflecting stronger-than-expected business expansion in China and improved production outlook for Tesla's Cybercab.

Tesla plans to deploy more autonomous taxis in Austin in the coming weeks and aims to produce 2 million units of the autonomous taxi model Cybercab in 2026, the broker noted. As the current sole supplier of steer-by-wire systems for Tesla's Cybercab, Nexteer stands to benefit.

Furthermore, the company is a core steering system supplier for BYD, XPeng, Zeekr, Xiaomi, Li Auto, Aion, and GWM, and is stretching to other brands. The company is upgrading its product portfolio to supply higher ASP products.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-27 16:25.)

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