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LI AUTO-W Slips 9%; Citi: Upgraded L9 Not Game Changer; M Stanley Expects Monthly Sales to Top 2025's Avg.
Recommend 16 Positive 23 Negative 11 |
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LI AUTO-W (02015.HK) opened 4.23% lower today (18th) and once hit a trough of HKD67.45. It last traded at HKD68.55, down 9.33%, with turnover of 16.0582 million shares, involving HKD1.103 billion. Citi said in a research report that Li Auto launched the upgraded L9 model on May 15, offering two variants. The final price of the L9 Livis version was RMB70,000 lower than the pre-sale price. Although this appears surprising, the broker believed its cost-performance is only in line with peers and is not a game changer. It expected monthly sales of the L9 Livis to reach 1,000 units. Citi assigned LI AUTO-W's H-shares a target price of HKD72.7 and Li Auto (LI.US) US-listed shares a target price of USD18.9, while maintaining a Neutral rating. Morgan Stanley noted in a research report that Li Auto officially launched the new L9 Ultra and Livis, priced between RMB459,800 and RMB509,800. The formal price of the Livis is RMB50,000 lower than the pre-sale price. The broker expected monthly sales of the new L9 to exceed last year's average level, supporting the group's margin and near-term share price performance. However, the report pointed out that competition in the six-seat SUV market is intense, with rivals including NIO-SW (09866.HK), XPENG-W (09868.HK), Aito M9 and Zeekr 9X, leaving little room for execution missteps. Morgan Stanley assigned an Overweight rating to Li Auto, with a TP of HKD83 for its H shares. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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