Top Gap Ups and Downs on Friday: MUFG, UBS, SMFG and More
NIO Inc Options Spot-On: On November 29th, 110.95K Contracts Were Traded, With 3.37 Million Open Interest
NIO Inc. (NIO): A Bear Case Theory
CICC gives NIO (09866) an "outperform industry" rating, stating an expectation for delivery to surge and a stronger product cycle ahead.
In the interview that day, Li Bin, founder of 180 Popular Science, and Wang Honghao, the founder of CarStyling china, as well as the well-known technology blogger and founder of "Chaos Book" Pan Luan, discussed the original intention of founding NIO and the next actions that the company should focus on.
Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
Major bank rating | DBS Bank: NIO autos expected to achieve stronger profitability Target price raised to 65 Hong Kong dollars
DBS Bank analyst Rachel Miu wrote in a report that with the potential increase in sales of the new Onvo L60 model and the accelerated overseas expansion, NIO may achieve stronger earnings. Miu stated that Onvo L60 sold 832 units in the first month, with sales expected to increase for the remainder of the year. In addition, NIO's expansion into the Middle East and North Africa through a joint venture agreement may further boost the company's sales. DBS Bank maintains a buy rating on the stock and raises its target price from HK$57 to HK$65.
