NEXTEER (01316) rose nearly 4%, as of the time of publication, it increased by 3.87%, priced at 3.49 Hong Kong dollars, with a transaction volume of 11.1632 million Hong Kong dollars.
According to the Zhixin Finance APP, NEXTEER (01316) rose nearly 4%, as of the time of publication, it increased by 3.87%, priced at 3.49 Hong Kong dollars, with a transaction volume of 11.1632 million Hong Kong dollars.
DBS released a research report stating that the Target Price for NEXTEER has been raised by 12.5%, from 4 Hong Kong dollars to 4.5 Hong Kong dollars, maintaining a "Buy" rating. The report pointed out that although NEXTEER mainly focuses on the North American market, it is currently rapidly expanding its market share in China's new energy auto sector; it is also expected that the company will meet its target figures for new business acquisitions this year. The acceleration of autonomous driving applications domestically and the USA's reaffirmation of support for the RBOB Gasoline vehicle industry both support NEXTEER's strong growth momentum.
Based on improved business prospects, the bank raised its 2025 forecast PE from 10 times to 11 times, adjusted the company's Target Price upward, and expects the stock price may still further rise due to factors such as rapid expansion in the mainland, also maintaining an investment rating.