Minth Group climbs 3% in Hong Kong on US factory plan, Deutsche Bank upgrade
HK Stock Market Update·
BofAS Ratings and TPs on Auto, Parts and Dealer Stocks (Table)
AASTOCKS News·- BofA Securities released a research report detailing investment ratings and target prices for various auto, auto parts, and dealer stocks. - The report covers multiple companies such as BYD COMPANY, GEELY AUTO, and XPeng Inc. with adjusted target prices across Buy, Neutral, and Underperform ratings. - Key valuation updates include BYD COMPANY's target price moving from HKD 119 to HKD 123 and SERES shifting from Buy to Underperform with a target price of HKD 46.CMSI: Pessimistic Expectations on Domestic Demand Overdraft This Year Already Priced In, Auto Stocks Enter Best Two-Year Positioning Window
AASTOCKS News·- China Merchants Securities International reports a moderate improvement in domestic automobile demand forecasted for 2H25, shifting towards stable demand by 2027. - The sector, currently seen as undervalued, is expected to benefit from recent industry policies and is entering a favorable two-year positioning window, with GEELY AUTO as the top pick, alongside BYD COMPANY and XPENG-W. - As domestic demand stabilizes, leading companies should sustain growth through localized production and expanded product offerings, while key auto parts firms are also favored for their overseas exposure and growth potential.UOB Kay Hian Raises BYD COMPANY TP to HKD135, Cuts GEELY AUTO and GWMOTOR TP
AASTOCKS News·- UOB Kay Hian reported mixed sales performance among China's five major automakers in June, with strong export growth contrasting with weak domestic demand. - BYD COMPANY and GEELY AUTO excelled in overseas sales and electric vehicles, while GWMOTOR and LI AUTO-W faced domestic challenges. - The firm maintains an "Equalweight" rating on the sector, raising price targets for BYD COMPANY and lowering for GEELY AUTO and GWMOTOR, while recommending LI AUTO-W as a "Sell."CMSIs Ratings, TPs on CN Automakers and Auto Parts Makers (Table)
AASTOCKS News·- CMSI released a research report detailing investment ratings and target prices for several stocks. - Notable ratings include BYD COMPANY with an 'Overweight' rating and a target price of HKD 130, while LI AUTO-W is rated 'Neutral' with a target price reduced to HKD 61. - The report indicates various short selling ratios and amounts, emphasizing the market conditions as of June 18, 2026.CMSI: Robust Export of CN Auto Brands; Top Pick GEELY AUTO
AASTOCKS News·- China's auto market showed weak domestic demand but strong export performance, especially in high-end models, according to CMSI's report. - The report recommends focusing on global automakers, highlighting GEELY AUTO as a top pick with an Overweight rating and target price of HKD36, and BYD COMPANY also rated Overweight with a target price of HKD130. - CMSI revised revenue forecasts down for XPENG-W and LI AUTO-W due to competition and increased R&D, maintaining ratings of Overweight and Neutral respectively.