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.
Nio Likely to Deliver Stronger Earnings on Sales, Overseas Expansion -- Market Talk
NIO Target Price Raised to HK$65 From HK$57 by DBS >NIO
DBS Maintains NIO Inc(NIO.US) With Buy Rating, Cuts Target Price to $7.5
China Automobile Circulation Association: From November 18 to 24, the average daily trade volume of used cars was 0.0655 million vehicles, a decrease of 1.76% compared to the previous period.
In the third week of November, the daily average trading volume of used cars was 65,500 vehicles, a decrease of 1.76% compared to last week, but an increase of 2.1% compared to the same period in October.
EV Sales Slow As Consumers Grow Weary Over High Costs, Charging NeedsHybrid Cars Have Outperformed Expectations Originally Set for EVs in 2024
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Dragon Fish : Then wait till 2026.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Dragon Fish : US Nio outstanding short position increased further to 201mil last updated 15th Nov. From less than 9% to 9.66%. This show that Shorties really like to short Nio very much.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Dragon Fish : Why the other EVs like XPeng only half of Nio. Li Auto only 1/4 of Nio. The best one Zeekr only less than 1% short position. So I can conclude that the higher the short position the header the price to go up. That's why Nio price is at the bottom lowest among the 4 EV ctrs?
Dragon Fish : For those who really want to bet on the short term EV ctr. Better avoid Nio. Shorties always win at the end because they have a lot of bullets to short. Borrowing shares only need to pay 3% interest and they can earn 30% is a very lucrative type of bet. Even short squeezes also can't stop them from continuing short again. The lesson learnt must be remembered. Avoid shorties infested ctr.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102205868 (Tay) Dragon Fish : Totally agree, insider manipulation in this stock a lot of shorts people.
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