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NIO-SW continues to rise by over 5%, and the Lido brand is expected to become the main driver of sales growth.
NIO-SW (09866) continued to rise in early trading, with a 4.93% increase in stock price, now at HK$37.25, with a turnover of 65.6833 million HK dollars. Guolian Securities previously pointed out that looking ahead to the fourth quarter, the company guided sales volume for the fourth quarter to be 0.072-0.075 million, and indicated that the production volume of the Leador brand in December could ramp up to 0.01 million. Currently, with sufficient orders in hand, we expect production capacity to be fully converted into sales volume. Therefore, NIO brand sales in the fourth quarter may be relatively weak, and the Leador brand will become the main source of sales growth. On the revenue side, the company guided fourth-quarter revenue to be approximately 196.76-203 million dollars.
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