Weekly Recap | NIO-SW -2.4%, fresh 52-week lows
Weekly Review·
- Nio-SW fell 2.4% this week to close at 28.52 HKD, matching the Hang Seng Index's 2.39% decline while hitting 52-week lows multiple times amid cautious market sentiment.
- Key catalysts included lowered third-quarter guidance, Goldman Sachs reducing its target price to 48 HKD, UBS reaffirming a buy rating, and the release of August delivery data.
- A total of 21 institutions maintain a consensus buy rating with an average target price of 50.20 HKD, reflecting a stark contrast between strong long-term institutional expectations and weak short-term trading performance.