The upcoming Tesla, Inc. (TSLA.US)'s Robotaxi event and the peak season for car sales may boost investor sentiment and the valuation re-rating of Chinese EV makers, Citi Research issued a research report saying.
Citi Research raised its target price on LI AUTO-W (02015.HK)'s H-shares from $98 to $113.8 after sales volume and net profit forecasts were raised.
Considering the aging issues of the Group's L7, L8 and L9 models, peer competition and low visibility of BEV sales, the broker kept rating at Neutral as it believed that the Company's stock valuation is already at a reasonable level and the risk/ reward balanced.
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AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| LI (C) |
24811 |
138.1 (-) |
0.121 |
4.4 X |
| LI (P) |
23536 |
107.9 (-) |
0.110 |
3.3 X |
| LI (Bull) |
51430 |
82 (86) |
0.400 |
3.0 X |
| LI (Bear) |
54688 |
144 (140) |
0.043 |
5.6 X |
| TSLA (C) |
10344 |
370 (-) |
0.124 |
6.2 X |
| TSLA (C) |
10305 |
280 (-) |
0.520 |
4.0 X |
| TSLA (C) |
10306 |
250 (-) |
0.570 |
4.3 X |
| TSLA (P) |
10434 |
180 (-) |
0.225 |
2.9 X |
| TSLA (P) |
10342 |
160 (-) |
0.101 |
3.8 X |
