LI AUTO-W (02015.HK) +2.300 (+3.117%) Short selling $168.42M; Ratio 18.970% 's 2Q24 sales amounted to 109,000, up 35% QoQ and 25% YoY, with sales trends rising closer to 50,000 units per month, Macquarie released a research report saying.
Macquarie lowered FY2024-FY2025 sales forecasts for LI AUTO-W by 5% and 9% each, taking into account the tougher EV market, according to the report. Macquarie cut its target price on LI AUTO-W's H-shares to $94, with rating at Outperform.
Related NewsCiti Upgrades XPENG-W (09868.HK) to Neutral, Elevates TP to $32.2
Due to the lower sales volume forecast, Macquarie also lowered its FY2025 revenue forecast by 10%, and corresponding dropped EPS forecast by 21%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-02 16:25.)
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