On May 21, Lead Intelligent rose 3.02% in regular trading, trading at 53.8 HKD/share, with trading volume of 8.0146 million HKD. The stock continued its upward momentum following multiple positive developments.
On the news front, Citi recently raised its H-share target price from 62 HKD to 67 HKD, corresponding to a projected P/E ratio of 39x, while maintaining a Buy rating and lifting earnings forecasts for this year and next by 10% and 9% respectively to reflect improving revenue recognition. Morgan Stanley also assigned an Overweight rating. Additionally, the company signed a strategic cooperation agreement with the Beijing Humanoid Robot Innovation Center, formally entering the humanoid robot equipment sector. Solid-state battery orders are expected to double to 2 billion RMB, with management indicating this year is unlikely to be the peak of the current upcycle given leading battery manufacturers' capacity expansion plans and contributions from new technology routes including solid-state and sodium-ion batteries.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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