NIO: Strong Buy At A Potential 12.5% Discount
@BorisBack:
Although NIO$NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ 's Q4 earnings fell short of expectations, as net losses widened while revenues missed the mark, the EV manufacturer's early 2023 numbers suggest that delivery growth is still intact. Although a major decline in gross margin was touted as a top area of concern from NIO's results, margin improvement is likely through the year. February deliveries showed a sign of strength, growing +98% y/y to over 12,000 vehicles, setting the stage for at least 50% growth potential in FY23, assuming no major production hiccups, offering solid upside potential.Starting off - deliveries for Q4 rose approximately +