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BofA Securities Maintains NIO Inc(NIO.US) With Hold Rating, Cuts Target Price to $5
Express News | The new Alloy for large casting developed by NIO has completed verification and is in mass production.
Invesco is bullish on China Stocks: DeepSeek will bring about a revaluation of value, and these Industries will particularly benefit.
Invesco believes that the current valuation of Stocks in China is only 10 times PE, which is discounted by 55% compared to US stocks, indicating significant potential for upward movement.
China Passenger Vehicle Association: In early February, the retail sales volume of new energy vehicles in the passenger vehicle market increased by 11% year-on-year but dropped by 36% month-on-month.
According to data released by the China Passenger Vehicle Market Information Joint Conference, from February 1 to 9, the national retail sales of passenger vehicles reached 239,000 units, a decrease of 31% compared to the same period in February last year, and a decline of 39% compared to the same month last month. So far this year, cumulative retail sales stand at 2.032 million units, a year-on-year decrease of 15%. During this period, the retail sales of new energy passenger vehicles reached 95,000 units, an increase of 11% compared to the same period last year in February, but a drop of 36% compared to last month; year-to-date cumulative retail sales of 95,000 units show a year-on-year growth of 12%.
Hong Kong Market Quick View | Hong Kong stocks rose and fell back, the Technology Index dropped nearly 1%; Semiconductors stocks and China-Affiliated Brokerage stocks turned to declines, Semiconductor Manufacturing International Corporation fell over 4%,
The Network Technology stocks showed mixed results, with KUAISHOU-W up 6.31% and Baidu Group-SW up 5.74%; the semiconductor stocks weakened, with SHANGHAI FUDAN down 8.03% and HG SEMI down 6.35%; the Lithium Battery stocks decreased, with LEOCH INT'L up 14.11% and BYD Electronics down 7.59%.
"The Big One" Bank of America Securities investment ratings and Target Price for Autos (Table)
Bank of America Securities released a research report, listing the investment ratings and Target Prices for the auto stocks as follows: Stocks | Investment Rating | Target Price (HKD) BYD (01211.HK) | Buy | 405 HKD Ideal Automotive-W (02015.HK) | Buy | 121 HKD Geely Autos (00175.HK) | Buy | 15.4 HKD -> 19.7 HKD Xpeng-W (09868.HK) | Buy | 63.2 HKD -> 72.5 HKD LEAPMOTOR (09863.HK) | Buy | 45 HKD -> 4