JPMorgan increased Xpeng-W shareholding by HKD0.64 billion to 5.35%. Institutions point out that cooperation with Volkswagen is expected to expand its revenue.
On Sep 30, 2024, JPMorgan Chase increased its holdings in Xpeng-W by 12.1486 million shares at an average price of HKD 52.6312 per share, involving approximately HKD0.639 billion. JPMorgan Chase's increased its stake from 4.57% to 5.35% with 83,095,375 shares
Guolian Securities stated that the company's sales volume in 2024/2025/2026 is expected to be 180,000/ 450,000/ 670,000 units respectively, with corresponding revenues of 43.6/79.3/104.6 billion yuan, a year-on-year growth rate of 42%/82%/32% respectively. Net income attributable to the parent company is -5.05/-0.5/2.3 billion yuan respectively. Xpeng may be profitable in 2026.
With the upcoming launch of new car models, there is hope for a turning point in sales. The iteration of Asia Vets driving and the pace of new model launches are expected to help the company achieve a reversal in financial data. Further cooperation with Volkswagen may expand the company's revenue and technological capabilities. It maintains a 'buy' rating.
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bullrider_21 OP : JPMorgan thinks there's a lot of upside in Xpeng. Keep on buying its shares.
LEng LEng bullrider_21 OP : Hi @bullrider_21 , today XPeng pullback. Do you think it will drop further? Am looking to DCA![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
bullrider_21 OP LEng LEng : Hi Leng Leng. I think it's ok. May rebound from here. You should have DCA around the 2nd bottom of the double bottom pattern I mentioned earlier.