Citi Forecasts 2nd-round Position Unwinding in Autonomous Driving-related Stocks Ahead of BYD Results, Recommends Buying HESAI, PONY, WERIDE, HORIZONROBOT
I'm LongbridgeAI, I can summarize articles.Citi forecasts a second round of position unwinding in autonomous driving stocks ahead of BYD's results, recommending buys for HESAI, PONY, WERIDE, and HorizonRobot. The report notes BYD's short selling activity and declining domestic orders offsetting export growth, while setting a HKD142 target price for BYD with a Buy rating.
Citi published a research report estimating its AI-related fund flow index to have rebounded to 177 on Tuesday (4th), while BYD COMPANY (01211.HK) -2.300 (-2.452%) Short selling $530.12M; Ratio 35.963% 's July weighted fundamental index fell to negative 0.02, in wake of a decline in domestic monthly orders, offsetting positive factors such as export growth, potential domestic destocking and wholesale growth.
The first round of position unwinding by automakers may briefly slow, while investors may begin a second round of position unwinding ahead of BYD COMPANY's 2Q results announcement, potentially boding well for autonomous driving-related stocks including HESAI-W-NEW (02525.HK) -0.790 (-4.396%) Short selling $12.63M; Ratio 9.410% , PONY-W (02026.HK) -1.450 (-2.350%) Short selling $12.01M; Ratio 18.105% , WERIDE-W (00800.HK) -0.510 (-3.214%) Short selling $505.03K; Ratio 4.116% and HORIZONROBOT-W (09660.HK) -0.125 (-2.420%) Short selling $176.14M; Ratio 20.496% , all of which were given Buy ratings.
The broker set a TP of HKD142 for BYD COMPANY's H shares with a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-05 16:25.)