BUZZ-China's Xpeng falls on Q4 net loss

Reuters03-19

** Hong Kong shares of Xpeng 9868.HK fall 7.9% to HK$87.55, their lowest since March 7

** Stock set for the biggest one-day pct decline since February 28; top pct loser on Hang Seng Tech Index .HSTECH, which falls 2%

** U.S.-listed stock XPEV.N fell 7.8% on Tuesday

** The Chinese electric vehicle maker said its Q4 total revenues up 23.4% y/y at 16.11 bln yuan ($138 mln) while net loss attributable amounted to 1.33 bln yuan, narrowing from 1.81 bln yuan loss in Q3 and 1.35 bln yuan loss in Q4 2023

** Xpeng forecast Q1 revenue of 15 bln yuan to 15.7 bln yuan, which is above estimates, with Q1 vehicles delivery expected to be in 91,000 to 93,000 range

** Citi, with "Buy" rating, says 4Q margin slightly beat with bottom line in line and 1Q25 momentum decent

** Nomura upgrades Xpeng to "Buy" from "Neutral" and lifts TP to $30 from $14, on expecting shipments improvement

** Hong Kong stock up 88.8% YTD

($1 = 7.2333 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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