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<Research>XPENG-W Leaps 6%+; CMBI Says 1Q Results Largely In Line, Reiterates Buy
XPENG-W (09868.HK) opened flat today (1st) before trending higher, hitting an intraday peak of HKD69.1 in early trading. It last quoted at HKD67.9, up 6.34%, with turnover of 11.73...
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<Research>XPENG-W Leaps 6%+; CMBI Says 1Q Results Largely In Line, Reiterates Buy
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XPENG-W (09868.HK)  +1.500 (+2.669%)    Short selling $224.16M; Ratio 23.841%   opened flat today (1st) before trending higher, hitting an intraday peak of HKD69.1 in early trading. It last quoted at HKD67.9, up 6.34%, with turnover of 11.7316 million shares, involving HKD794 million.

CMBI published a research report on XPeng Inc., of which 1Q26 results were largely in line. Revenue shrank nearly 18% YoY, while quarterly net loss amounted to RMB1.8 billion, worse than the broker's forecast owing to higher-than-expected interest expenses. GPM narrowed to 20.6%, but was still 0.9 ppts above the broker's estimate.

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Management expected GPM to remain stable in 2Q, with sales volume growing 60-70% QoQ. It forecast that net loss will narrow radically. In addition, driven by economies of scale, the company was expected to turn profitable in 2H26. The broker maintained its Buy rating on the company, but lowered the TP for its H shares to HKD82 from HKD94, and cut the TP for XPeng Inc. (XPEV.US)      to USD21 from USD24.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-12 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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