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<Research>BofAS Elevates XPENG-W's TP to HKD109; 3Q Loss Better Than Expected
Recommend 10 Positive 14 Negative 7 |
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According to a report from BofA Securities, XPENG-W (09868.HK)'s 3Q25 revenue grew by 102% YoY or 12% QoQ to RMB20 billion, broadly in line with the broker's expectations. XPENG-W's gross profit margin also increased by 4.8 ppts YoY or 2.8 ppts QoQ to 20.1%, above BofA Securities' expectation of 17.7%. Its non-GAAP net loss during the period came in at RMB152 million, better than the broker's expected net loss of RMB398 million. BofA Securities raised its target price for XPENG-W from HKD105 to HKD109 and, optimistic about its strong product lineup in 2026, reiterated the Buy rating. AAStocks Financial News |
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