Bank of China International Revises XPENG-W Price Target Down to HK$82, Keeps Buy Recommendation

Stock News06-02 11:33

Bank of China International has issued a research report adjusting its outlook on XPENG-W (HKEX: 09868).

Following the company's first-quarter results, which showed a net loss of RMB 1.8 billion, approximately RMB 250 million wider than the bank's forecast, the financial institution has revised its price target for the stock downward from HK$94 to HK$82. Despite this adjustment, the bank continues to recommend a "Buy" rating for the shares.

The report indicates that management's guidance points to a second quarter with gross margins holding steady sequentially and vehicle deliveries surging by 60-70% quarter-over-quarter. Based on this, the bank anticipates a significant narrowing of the net loss for Q2.

Furthermore, benefiting from an expected improvement in economies of scale, the analysis projects that the company will return to a net profit position in the second half of the year.

The bank's updated financial model now forecasts a net loss of RMB 1.213 billion for XPENG in 2026, with a turnaround to a net profit of RMB 1.541 billion projected for 2027.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1136032586?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-02 11:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1136032586","market":"other","top_or_hot":-1,"title":"Bank of China International Revises XPENG-W Price Target Down to HK$82, Keeps Buy Recommendation","media":"Stock News","content":"<p>Bank of China International has issued a research report adjusting its outlook on <b>XPENG-W (HKEX: 09868)</b>.<br><br>Following the company's first-quarter results, which showed a net loss of RMB 1.8 billion, approximately RMB 250 million wider than the bank's forecast, the financial institution has revised its price target for the stock downward from HK$94 to HK$82. Despite this adjustment, the bank continues to recommend a \"Buy\" rating for the shares.<br><br>The report indicates that management's guidance points to a second quarter with gross margins holding steady sequentially and vehicle deliveries surging by 60-70% quarter-over-quarter. Based on this, the bank anticipates a significant narrowing of the net loss for Q2.<br><br>Furthermore, benefiting from an expected improvement in economies of scale, the analysis projects that the company will return to a net profit position in the second half of the year.<br><br>The bank's updated financial model now forecasts a net loss of RMB 1.213 billion for XPENG in 2026, with a turnaround to a net profit of RMB 1.541 billion projected for 2027.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of China International Revises XPENG-W Price Target Down to HK$82, Keeps Buy Recommendation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of China International Revises XPENG-W Price Target Down to HK$82, Keeps Buy Recommendation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-06-02 11:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bank of China International has issued a research report adjusting its outlook on <b>XPENG-W (HKEX: 09868)</b>.<br><br>Following the company's first-quarter results, which showed a net loss of RMB 1.8 billion, approximately RMB 250 million wider than the bank's forecast, the financial institution has revised its price target for the stock downward from HK$94 to HK$82. Despite this adjustment, the bank continues to recommend a \"Buy\" rating for the shares.<br><br>The report indicates that management's guidance points to a second quarter with gross margins holding steady sequentially and vehicle deliveries surging by 60-70% quarter-over-quarter. Based on this, the bank anticipates a significant narrowing of the net loss for Q2.<br><br>Furthermore, benefiting from an expected improvement in economies of scale, the analysis projects that the company will return to a net profit position in the second half of the year.<br><br>The bank's updated financial model now forecasts a net loss of RMB 1.213 billion for XPENG in 2026, with a turnaround to a net profit of RMB 1.541 billion projected for 2027.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XPEV","symbol_name":"小鹏集团","start_time":0,"source_url":"","article_id":"1136032586","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1136032586","pubTimestamp":1780371184,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Bank of China International has issued a research report adjusting its outlook on XPENG-W (HKEX: 09868).Following the company's first-quarter results, which showed a net loss of RMB 1.8 billion,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"XPEV":"小鹏集团","BK1539":"汽车股","09868":"小鹏集团-W","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","BK1119":"汽车制造商","BK1610":"ETF&股票定投概念","BK1588":"回港中概股","BK1587":"次新股","BK1575":"同股不同权"},"translate_title":"中银国际将小鹏汽车-W目标价下调至82港元，维持买入建议","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09868":1,"XPEV":1},"content_text":"Bank of China International has issued a research report adjusting its outlook on XPENG-W (HKEX: 09868).Following the company's first-quarter results, which showed a net loss of RMB 1.8 billion, approximately RMB 250 million wider than the bank's forecast, the financial institution has revised its price target for the stock downward from HK$94 to HK$82. Despite this adjustment, the bank continues to recommend a \"Buy\" rating for the shares.The report indicates that management's guidance points to a second quarter with gross margins holding steady sequentially and vehicle deliveries surging by 60-70% quarter-over-quarter. Based on this, the bank anticipates a significant narrowing of the net loss for Q2.Furthermore, benefiting from an expected improvement in economies of scale, the analysis projects that the company will return to a net profit position in the second half of the year.The bank's updated financial model now forecasts a net loss of RMB 1.213 billion for XPENG in 2026, with a turnaround to a net profit of RMB 1.541 billion projected for 2027.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1136032586","isCrawlerRequest":true}