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.