Citi Reduces NIO-SW's Target Price to HKD47.3 Amid Revised 2026-27 Sales Projections
Positive Profit Alert: NIO-SW expects a non-GAAP operating profit between RMB700 million to RMB1.2 billion and a GAAP operating profit of RMB200 million to RMB700 million, marking its first quarterly operating profit due to sales growth and cost reductions.
Revised Sales Forecasts: Citi has lowered NIO-SW's 2026-27 sales forecasts by 10-13% to 400,000 and 471,000 units, respectively, along with an 11% and 7% reduction in revenue forecasts and a slight decrease in gross margins.
Stock Rating and Target Price: Despite the revisions, Citi maintains a Buy rating on NIO-SW but has reduced its target price from HKD53 to HKD47.3.
Market Sentiment: M Stanley suggests that any marginal improvement in market sentiment for NIO-SW could indicate a potential recovery for the company.
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HSI Rises 138 Points in Half-Day Trading as CMOC/LAOPU GOLD Jumps 6% After Blue Chip Inclusion; Overall HSI Increases 32% in Year of the Snake
Hong Kong Stock Performance: On February 16, Hong Kong stocks saw a positive half-day session, with the HSI closing up 138 points (0.5%) at 26,705, marking a strong overall performance in the Year of the Snake with a 32% gain.
HSI Quarterly Review Changes: The quarterly review of the HSI included the addition of CATL, CMOC, and LAOPU GOLD, which saw significant gains, while ZHONGSHENG HLDG was removed from the index.
Individual Stock Movements: Notable stock movements included SANDS CHINA LTD rising 2.7% despite a slight decline in property EBITDA, while ANTA SPORTS experienced a minor drop after shareholder approval for a significant acquisition.
US Department of War Update: The US Department of War's withdrawal of the "List of Chinese Military Companies" impacted stock prices, with BABA-W declining 0.5% and BIDU-SW increasing by 1.3%.
NIO-SW Battery Swap Business Achieves Record Daily Volume Year-to-Date
Battery Swap Milestone: NIO-SW announced a record daily battery swap volume of over 146,600, achieving its 100 millionth battery swap earlier this month, indicating strong market validation for its battery swapping model.
Market Position: The battery swapping solution has become a mainstream method for charging in China's new energy vehicle (NEV) sector, reflecting a significant shift in consumer preferences.
US Department of War Updates 'CN Military Companies List' to Add BABA-W, BIDU-SW, and BYD COMPANY
US Department of War Updates List: The US Department of War added several Chinese companies, including Unitree and ROBOSENSE, to its "List of Chinese Military Companies," while removing others like YMTC and CXMT.
Alibaba's Response: Alibaba stated it is not involved in military activities and plans to take legal action against any misrepresentation of its image following its inclusion on the list.
Short Selling Data: The article provides short selling data for various companies, indicating significant short selling ratios for Alibaba, Baidu, BYD, and NIO.
Market Reactions: The updates to the list and the associated short selling activities reflect ongoing tensions and market reactions to US-China relations.
CICC Lowers NIO-SW (09866.HK) Price Target to HKD50, Keeps Outperform Rating
CICC Report on NIO-SW: CICC's report indicates a forecast for NIO-SW's non-GAAP earnings in 4Q25 to be between RMB700 million and RMB1.2 billion, surpassing market expectations due to product improvements and cost reductions.
Revised Earnings Forecast: The adjusted recurring earnings forecast for 2025 has been improved from a loss of RMB13.17 billion to a loss of RMB12.38 billion, while the 2026 forecast remains unchanged, with a projected recurring earnings of RMB7.68 billion for 2027.
Market Sentiment and Target Prices: Morgan Stanley suggests that any slight improvement in market sentiment for NIO-SW could indicate a potential recovery, although target prices for both Hong Kong and US stocks have been reduced by 19% to HKD50 and USD6.5, respectively.
Short Selling Data: As of February 12, 2026, NIO-SW has experienced short selling amounting to $31.88 million, with a short selling ratio of 19.671%.
<Study> G Sachs Ratings/Price Targets for Chinese Auto Manufacturers and Suppliers (Table)
Stock Ratings Overview: Various companies in the automotive sector, including BYD, Li Auto, XPeng, and Fuyao Glass, received "Buy" ratings with adjusted target prices reflecting recent market performance.
Short Selling Activity: Significant short selling activity was noted for several companies, with Li Auto and Minth Group showing high short selling ratios of 34.55% and 21.42%, respectively.
Neutral and Sell Ratings: NIO, Tuopu Group, and Huayu Automotive received "Neutral" or "Sell" ratings, indicating a cautious outlook on their stock performance.
Market Pressures: CLSA reported that rising costs are further compressing automaker profits, with companies like BYD and Leapmotor positioned better to absorb these pressures.
NIO-SW Targets Non-GAAP Full-Year Profits This Year, According to William Li
NIO's Investment Strategy: William Li, CEO of NIO, announced plans to continue investing in technology and product development while enhancing R&D efficiency.
Infrastructure Expansion Goals: NIO aims to build more charging and battery swap stations and expand its sales and service network, targeting non-GAAP profitability by 2026.
HSI Rises 138 Points in Half-Day Trading as CMOC/LAOPU GOLD Jumps 6% After Blue Chip Inclusion; Overall HSI Increases 32% in Year of the Snake
Hong Kong Stock Performance: On February 16, Hong Kong stocks saw a positive half-day session, with the HSI closing up 138 points (0.5%) at 26,705, marking a strong overall performance in the Year of the Snake with a 32% gain.
HSI Quarterly Review Changes: The quarterly review of the HSI included the addition of CATL, CMOC, and LAOPU GOLD, which saw significant gains, while ZHONGSHENG HLDG was removed from the index.
Individual Stock Movements: Notable stock movements included SANDS CHINA LTD rising 2.7% despite a slight decline in property EBITDA, while ANTA SPORTS experienced a minor drop after shareholder approval for a significant acquisition.
US Department of War Update: The US Department of War's withdrawal of the "List of Chinese Military Companies" impacted stock prices, with BABA-W declining 0.5% and BIDU-SW increasing by 1.3%.
NIO-SW Battery Swap Business Achieves Record Daily Volume Year-to-Date
Battery Swap Milestone: NIO-SW announced a record daily battery swap volume of over 146,600, achieving its 100 millionth battery swap earlier this month, indicating strong market validation for its battery swapping model.
Market Position: The battery swapping solution has become a mainstream method for charging in China's new energy vehicle (NEV) sector, reflecting a significant shift in consumer preferences.
US Department of War Updates 'CN Military Companies List' to Add BABA-W, BIDU-SW, and BYD COMPANY
US Department of War Updates List: The US Department of War added several Chinese companies, including Unitree and ROBOSENSE, to its "List of Chinese Military Companies," while removing others like YMTC and CXMT.
Alibaba's Response: Alibaba stated it is not involved in military activities and plans to take legal action against any misrepresentation of its image following its inclusion on the list.
Short Selling Data: The article provides short selling data for various companies, indicating significant short selling ratios for Alibaba, Baidu, BYD, and NIO.
Market Reactions: The updates to the list and the associated short selling activities reflect ongoing tensions and market reactions to US-China relations.
CICC Lowers NIO-SW (09866.HK) Price Target to HKD50, Keeps Outperform Rating
CICC Report on NIO-SW: CICC's report indicates a forecast for NIO-SW's non-GAAP earnings in 4Q25 to be between RMB700 million and RMB1.2 billion, surpassing market expectations due to product improvements and cost reductions.
Revised Earnings Forecast: The adjusted recurring earnings forecast for 2025 has been improved from a loss of RMB13.17 billion to a loss of RMB12.38 billion, while the 2026 forecast remains unchanged, with a projected recurring earnings of RMB7.68 billion for 2027.
Market Sentiment and Target Prices: Morgan Stanley suggests that any slight improvement in market sentiment for NIO-SW could indicate a potential recovery, although target prices for both Hong Kong and US stocks have been reduced by 19% to HKD50 and USD6.5, respectively.
Short Selling Data: As of February 12, 2026, NIO-SW has experienced short selling amounting to $31.88 million, with a short selling ratio of 19.671%.
<Study> G Sachs Ratings/Price Targets for Chinese Auto Manufacturers and Suppliers (Table)
Stock Ratings Overview: Various companies in the automotive sector, including BYD, Li Auto, XPeng, and Fuyao Glass, received "Buy" ratings with adjusted target prices reflecting recent market performance.
Short Selling Activity: Significant short selling activity was noted for several companies, with Li Auto and Minth Group showing high short selling ratios of 34.55% and 21.42%, respectively.
Neutral and Sell Ratings: NIO, Tuopu Group, and Huayu Automotive received "Neutral" or "Sell" ratings, indicating a cautious outlook on their stock performance.
Market Pressures: CLSA reported that rising costs are further compressing automaker profits, with companies like BYD and Leapmotor positioned better to absorb these pressures.
NIO-SW Targets Non-GAAP Full-Year Profits This Year, According to William Li
NIO's Investment Strategy: William Li, CEO of NIO, announced plans to continue investing in technology and product development while enhancing R&D efficiency.
Infrastructure Expansion Goals: NIO aims to build more charging and battery swap stations and expand its sales and service network, targeting non-GAAP profitability by 2026.
