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[Brokerage Focus] UBS Group has lowered the Target Price for YADEA (01585) by 6.25%. The company's net profit in the second half of 2024 is expected to decline by 80% year-on-year.
Jinwu Financial News | YADEA (01585) has recently experienced fluctuations in performance, with net income in the second half of 2024 expected to decline by 80% year-on-year. The company attributes this to internal sales management adjustments, sudden changes in industry standards without a transition period, low production efficiency under low output, and one-time disruptive factors, such as additional rebates to dealers in the fourth quarter of 2024. However, it provided a relatively optimistic guidance for 2025, expecting shipments to grow by 20%-40% from the low base of 13 million units in 2024, reaching 16-18 million units; regarding profitability, the target net income is 170 per vehicle.
Will Weakness in Yadea Group Holdings Ltd.'s (HKG:1585) Stock Prove Temporary Given Strong Fundamentals?
[Brokerage Focus] Caitong maintains YADEA (01585) 'Shareholding' rating, expects the company to expand into overseas markets to open up growth opportunities.
Jinwu Financial News | Caitong has released a Research Reports indicating that YADEA (01585) is expected to see a decline in profits in 2024 compared to the previous year, mainly due to: 1) a decrease in the sales of the company's electric two-wheelers, primarily because distributors are in a period of clearing inventory, 2) a reduction in the selling prices of certain existing models' inventory, mainly in response to the adjustment of national standards, which prompted the implementation of sales and marketing strategies to accelerate the clearance of existing model inventory. The firm pointed out that the electric bicycle fire incident that occurred in Nanjing at the beginning of 2024 has attracted significant attention from relevant government departments, leading to the introduction of new national standards and updates to existing standards in the first half of 2024.
Jefferies Adjusts Yadea Group Holdings' Price Target to HK$16 From HK$12, Keeps at Buy
Yadea Group Warns of Lower 2024 Profit; Shares Slide 3%
Hong Kong stock market morning report on December 30: The economic growth of Hong Kong in 2024 is expected to be 2.5%. Guolian's merger with Minsheng Securities has been approved by the Securities Regulatory Commission.
① The economic growth of Hong Kong is expected to be 2.5% in 2024; ② This year, the number of startups in Hong Kong reached a record high of 4,694; ③ The Hong Kong Stock Exchange released a 2024 review revealing more positive insights; ④ Guolian's acquisition of Minsheng Securities has been approved by the Securities Regulatory Commission.
