01316 NEXTEER
- 4.450
- -0.060-1.33%
NEXTEER News
Changes in Hong Kong stocks | Nexteer (01316) rose more than 5%, leading auto parts stocks, Tesla FSD's entry into China to accelerate the smart driving industry chain is expected to benefit
Auto parts stocks generally rose in early trading. As of press release, BOE Precision (00710) rose 5.8% to HK$5.29; Nexteer (01316) rose 4.31% to HK$4.11; Zhejiang Shibao (01057) rose 2.87% to HK$2.15; and Minshi Group (00425) rose 0.75% to HK$13.42.
Research Nuggets｜CITIC Securities: Maintaining Nexteer's “Buy” Rating and Lowering Target Price to HK$4.6
GLONGHUI, April 28 | CITIC Securities released a report saying that thanks to rapid revenue growth in the Asia-Pacific region, especially from China's autonomous automakers, Nexteer's revenue reached a new high last year, growing 9.6% year-on-year to US$4.207 billion, breaking the US$4 billion mark for the first time. According to the report, on April 23, models corresponding to the steering parts project supplied by the company to global electric vehicle leaders were announced by the customer to advance the pace of mass production to the second half of next year. The bank believes that as a result, this project is expected to contribute revenue and profits to the company faster than the original plan. Considering that the company will reduce costs and increase efficiency in North America this year, or affect short-term revenue,
Most of the Hong Kong auto parts stocks strengthened, and Fuyao Glass rose 12%
Gelonghui, April 26 | Fuyao Glass rose 12.16%, Nexteer rose 2.58%, Minshi Group rose 2.17%, and Zhejiang Shibao rose 1.97%.
Nexteer (01316.HK): Strong orders from China to build a new Changshu factory and increase China
Revenue exceeded expectations, and earnings were affected by inflation and one-time factors. In 2023, the company's revenue was $4.2 billion, up 10% year over year, slightly exceeding expectations; adjusted for foreign currency conversion and commodities, up 11% year over year. 2023 gross profit
Changes in Hong Kong stocks | Nexteer (01316.HK) fell more than 6%, Damo said considering fierce price competition lowered the company's profit forecast for the next two years
Nexteer (01316.HK) fell more than 6%, down 6.58% at press time, to HK$3.69, with a turnover of HK$17.41 million.
Nexteer Releases 2023 ESG Report
Nexteer Automotive Systems released its annual Environmental, Social and Governance Report. Highlights include implementing environmental protection projects that helped avoid approximately 9,470 metric tons of carbon emissions and saved more than 4 million kilowatt-hours of energy; installing a 25-acre solar farm at Nexteer's US operation site in Saginaw, Michigan, which is expected to reduce carbon emissions by 7,000 metric tons per year. (PR Newswire)
Nexteer Releases 2023 Environmental, Social & Governance (ESG) Report Detailing Progress in the Company's Sustainability Journey
耐世特：2023 年報
Damo: Maintaining Nexteer's (01316.HK) “Overweight” Rating and Lowering the Target Price by HK$5.6
Morgan Stanley released a research report stating that it maintained Nexteer's (01316.HK) “gain” rating and lowered its profit forecast for the 2024/25 fiscal year by 13%/11%, mainly considering the fierce price competition among original equipment manufacturers (OEMs) and increasing profit pressure. Earnings per share are expected to be US$0.06 and US$0.08 respectively in 2024 and 2025, and the target price will be reduced by 10% to HK$5.6 from HK$6.2. The basic assumption is that in addition to easing the shortage of chip supply, automobile demand from China and the US supports the company's revenue growth, and gross margin has improved.
Hong Kong stocks are bullish this week | Electric power stocks are starting to soar! Huaneng International and Huadian International have increased by about 16% each week
Gold continued to soar, driving Hong Kong gold stocks to experience a strong rise. Zhaojin Mining surged more than 22% during the week.
Nexteer (01316.HK): The Asia-Pacific region contributed significantly to high year-on-year revenue growth
Event: The company released its 2023 annual report. In 2023, it achieved revenue of US$4.207 billion, a year-on-year increase of 17.4%, and realized net profit of US$37 million, a year-on-year decrease of 36.7%. Demand environment improved, orders continued
Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: PUMA SE NPV (OtherPMMAF), Domino's Pizza Enterprises Limited (OtherDPZUF) and Nexteer Automotive Group (OtherNTXVF)
Changes in Hong Kong stocks | Nexteer (01316.HK) rose nearly 6%, and the company's orders continued to increase, and the annual new order size was about US$6 billion
Nexteer (01316.HK) rose by nearly 6%. As of press release, it was up 5.8% to HK$4.38, with a turnover of HK$35.479,400.
The Hong Kong stock automobile industry chain strengthened. MeiDong Auto rose nearly 9%, Nexteer rose nearly 8%, and Zhongsheng Holdings and Harmony Auto rose nearly 4%.
The Hong Kong stock automobile industry chain strengthened. MeiDong Auto rose nearly 9%, Nexteer rose nearly 8%, and Zhongsheng Holdings and Harmony Auto rose nearly 4%.
Changes in Hong Kong stocks | Nexteer (01316.HK) is now up more than 7%, institutions say Chinese OEMs are expected to be the first to adopt wire-controlled steering systems
Nexteer (01316.HK) is now up more than 7%. As of press release, it is up 7.8% to HK$4.01, with a turnover of HK$38.1852 million.
Changes in Hong Kong stocks | Zhejiang Shibao (01057.HK) rose more than 11%, leading auto parts stock Tesla to launch driverless taxis
Auto parts stocks rallied in early trading. As of press release, Zhejiang Shibao (01057.HK) rose 10.47% to HK$2.11; Wuling Motors (00305.HK) rose 10.39% to HK$0.425; Nexteer (01316.HK) rose 8.07% to HK$3.75; Minshi Group (00425.HK) rose 2.53% to HK$12.98.
Nexteer (01316.HK): The worst period has passed, and growth in the Asia-Pacific region exceeds expectations, and China's NEV OEMs are expected to take the lead in using wire-controlled steering systems to maintain “purchases”
The “Buy” rating was maintained, but the target price was lowered to HK$5.30. Taking into account that the North American business was affected by the American Federation of Auto Workers strike/supplier disruptions, and the high level of uncertainty in recent years, compounded by the electrification of automobiles in North America
Nexteer (01316.HK): Significant improvement in operating profit after 23H2 restoration
According to the company's annual report, the company achieved revenue of US$4.21 billion for the full year of 2023, +9.6% year-on-year, and realized net profit of US$37 million after deduction of non-return to mother, or -36.7% year-on-year. Among them, the company achieved business in H2 in '23
Nexteer (1316.HK): Continued optimism about the growth potential of the Asia-Pacific region
Nexteer released its 2023 annual report. In 2023, it achieved total revenue of US$4.2 billion, an increase of 10% over the previous year; realized net profit of US$37 million, a year-on-year decrease of 37%, and a net interest rate of 0.9%. 2023H2
Nexteer Chongqing Celebrates 10th Anniversary & Production Milestone of 5 Million Electric Power Steering Systems
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