01316 NEXTEER
- 3.500
- -0.020-0.57%
NEXTEER News
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
[Brokerage Focus] Haitong Securities maintains a "outperform" rating for Nexteer (01316), indicating that the incentive plan is expected to improve the company's management efficiency.
Haitong Securities released a research report stating that Nexteer (01316) has launched an incentive plan that will 1) align the interests of senior management with company objectives, and 2) provide additional financial incentives to senior management. A total of 12 senior management members were awarded 5.5792 million incentive units, including 4.1844 million performance-based units and 1.3948 million restricted units. These units are equivalent to a total cash value of 3.4025 million US dollars. The performance indicators mainly assessed include the "total shareholder return" (roughly equal to the increase in stock price plus dividend yield) and its ranking relative to peer companies during the assessment period.
[Brokerage Focus] Bocom Intl indicates that this year's policies provide stronger support for the autonomous driving industry.
Bocom Intl's research report shows that with Baidu's departure, consumer attention to autonomous driving has significantly increased. On the policy side, the bank believes that this year's policies have significantly greater support for the autonomous driving industry. At the technical level of autonomous driving, end-to-end solutions may further break through the technology. New forces since this year have also been actively following the end-to-end autonomous driving model. A group of leading car manufacturers and intelligent driving technology companies have invested in R&D for end-to-end systems, and have successively disclosed their production plans in the past six months. As car makers' models move towards higher levels of intelligent driving, they will drive growth.
Hong Kong stock market anomaly | Nexteer (01316) rose more than 5%, industry performance forecast frequently reported good news, and autonomous driving ushered in intense catalysis.
Zhixin Finance learned from the app that Nexteer (01316) rose more than 5% and as of the time of publishing, it rose 5.11% to HK$3.7 with a turnover of HK$19.8473 million. On the news front, various local policies have accelerated the landing of intelligent driving, and orders for Roborunner have risen rapidly. Guotou Securities points out that Robotaxi is expected to appear in the 'Kaesong Movement', focusing on the automatic driving industry chain. The expected release of the Tesla Robotaxi in October is expected to lead the direction of industry development and is the next heavyweight catalyst for Robotaxi. In addition, according to Databao statistics, there are 15 auto parts industry chains as of July 9.
Nexteer Automotive Group Limited (HKG:1316) Not Flying Under The Radar
[Brokerage Focus] Citic Sec points out the gradual turning point for L4 autonomous driving commercialization.
CITIC Securities stated that the commercialization of L4 autonomous driving is gradually turning the corner. Recently, high-level autonomous driving is facing intensive catalysis. On the policy side, the country and various regions are orderly promoting legislation and pilot work. Among them, the Beijing Municipal Economic and Information Bureau's "Beijing Autonomous Driving Car Regulations (Consultation Draft)" provides a relatively complete, clear, and predictable system specification for the operation of L3/L4 autonomous driving, which is expected to play a demonstration effect in the capital. In terms of the industry, Baidu's Luobo Kuaipao is being widely deployed in Wuhan, with plans to complete deployment of thousands of units within the year and is expected to achieve overall profitability by 2025; cost reductions and efficiency improvements.
Hong Kong stocks surged in the morning | Auto parts stocks rose across the board, many companies reported positive performance. The acceleration of autonomous driving promotes landing.
According to the Zhitong Finance APP, the auto parts sector rose across the board in early trading. As of press time, Intron Tech (01760) rose 4.83% to HK$1.52; Zhejiang Shibao (01057) rose 3.94% to HK$2.11; Nexteer (01316) rose 3.63% to HK$3.43; Minth Group (00425) rose 3.05% to HK$12.18; BOE Varitronix (00710) rose 1.37% to HK$4.43. According to DataBao statistics, as of July 9th, 15 individual stocks in the auto parts industry have disclosed their business results for the first half of 2024.
Hong Kong stock market changes | Nexteer (01316) is now up more than 4%. Beijing plans to introduce regulations on autonomous driving cars and the company is expected to benefit from the trend of upgrading components.
According to the Zhiting Finance APP, Nexteer (01316) is now up more than 4% and as of press time, is up 4.1% to HKD 3.3, with a turnover of HKD 39.379 million. In recent news, the Beijing Economic and Information Bureau has solicited opinions on the draft Beijing Autonomous Driving Vehicle Regulations (Consultation Draft). Beijing plans to support autonomous driving vehicles for city public electric bus transportation, online car-hailing, car rental and other city travel services. Haitong Securities believes that this regulation (consultation draft) will provide clear, transparent and predictable institutional norms for the market entities of autonomous driving vehicles at and above L3 level, enabling the coordinated development of vehicle-road-cloud.
Nexteer Launches Incentive Plan for Senior Management
Hong Kong Stock Market Update: Auto parts stocks fell today, institutions claim that the marginal easing of the car price war has stabilized the performance of major car companies in the industry chain.
Auto parts stocks fell today. As of press time, Zhengzhou Coal Mining Machinery Group (00564) fell by 5.43%, to HKD 9.57; Nexteer (01316) fell by 5.42%, to HKD 3.14; BOE Varitronix (00710) fell by 3.56%, to HKD 4.34; Minth Group (00425) fell by 2.5%, to HKD 11.7.
Hong Kong stock concept tracking | Shanghai issued the first batch of fully unmanned vehicle license plates, and automatic driving is moving towards commercial operation. (Attached concept stock)
According to the announcement from Pudong, at the 2024 World Artificial Intelligence Conference, Shanghai issued the first batch of licenses for demonstration and application of unmanned intelligent networked vehicles, also known as the "fully unmanned passenger vehicle license".
Capital Allocation Trends At Nexteer Automotive Group (HKG:1316) Aren't Ideal
Hong Kong stocks fluctuated today, with the automobile industry chain falling. Despite deep discounts in the automotive market, sales have not shown a significant increase. There are reports that Canada may impose additional tariffs on electric cars impor
Today, the auto industry chain dropped across the board. As of press time, BOE Varitronix (00710) fell by 5.6% to HKD 4.71; Nexteer (01316) fell by 3.91% to HKD 3.86; Yongda Auto (03669) fell by 3.66% to HKD 1.58; Zhongsheng Hldg (00881) fell by 3.51% to HKD 12.1; LI Auto Inc-W (02015) fell by 3.23% to HKD 68.9.
Anxin International: First gives a "buy" rating for Nexteer (01316) with a target price of HKD 7.
Nexteer (01316) is expected to have a net income attributable to the parent company of 130 million, 170 million, and 220 million in 2024, 2025, and 2026, respectively.
Nexteer will distribute a final dividend of $0.003 per share on July 9th.
Nexteer (01316) announced that it will distribute a final dividend of $0.003 per share for the year ending December 31, 2023, on July 9, 2024.
Nexteer (01316) will distribute a final dividend of 0.003 US dollars per share on July 9th.
Nexteer (01316) announced that it will distribute dividends on July 9, 2024, for the fiscal year ending on December 31, 2023...
NEXTEER: POLL RESULTS OF THE ANNUAL GENERAL MEETINGHELD ON JUNE 19, 2024
[Brokerage Focus] GTJA points out that the penetration rate of new energy autos has reached a new historical high, and the sector still offers opportunities for well-performing auto companies and component manufacturers.
GTJA stated that the penetration rate of new energy autos (both retail and wholesale) has reached a historic high. Overall, the sales performance in the terminal market is strong in May 2024. The bank pointed out that the outcome of the temporary implementation of EU tariffs is still to be waited for.
Hong Kong stocks move: Nexteer (01316) rose nearly 5% again, and the policy of integrating car and road clouds has frequently brought good news. The company has reached a cooperation agreement with Tesla for the first time.
Nexteer (01316) rose nearly 5% in early trading. As of press time, it rose 4.18% to HKD 4.24 with a turnover of HKD 11.01 million.
Nexteer (01316) rose nearly 5% in Hong Kong stocks, and the investment amount for the 100 billion yuan bidding in Beijing exceeded expectations. The development of Asia Vets connected intelligent automobile industry is accelerating.
Nexteer (01316) rose nearly 5%, as of press time, up 4.95%, to HKD 4.03, with a trading volume of HKD 15.5067 million.
Analysis
Price Target
No Data
