LEAPMOTOR (09863.HK) +0.260 (+0.597%) Short selling $131.31M; Ratio 50.101% 's 4Q25 net profit was largely in line with forecasts, and the management's guidance is optimistic, CMBI wrote in its research report.Even though LEAPMOTOR's A-series vehicles may contribute more to sales, it is believed that the soon-to-be-launched D19 SUV and D99 MPV will be crucial to the carmaker's profit margin and valuation.Related NewsBofAS Cuts LEAPMOTOR's TP to HKD59, Reduces 2026 Earnings ForecastCMBI has raised its 2026-27 net profit forecasts for LEAPMOTOR by 20% and 2% to RMB3.6 billion and RMB4.6 billion, respectively. It has kept LEAPMOTOR's rating at Buy, but it slashed its target price from HKD73 to HKD60 based on a forecast P/E ratio of 21x for the full year of 2026.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-03-20 16:25.)