HK Stock Market Move | XPENG-W(09868) rises more than 4% in the morning. The company's 2025 product cycle is strong, and it is expected to achieve positive quarterly earnings.

XPENG-W (09868) rose more than 4% in the morning, with a 4.35% increase to HK$58.8 as of the time of publication, with a turnover of HK$832 million. CICC released a research report stating that as the market's expectations for the profitability of new energy vehicle companies are gradually increasing, the bank believes that XPENG-W's 2025 product cycle is strong and is expected to achieve profitability in a single quarter this year. They have introduced a profit forecast of RMB 2.4 billion for 2026 and maintain a target price of HK$70 for Hong Kong stocks with an "outperform" rating. The bank stated that Xiaopeng Motors has made breakthroughs in the field of intelligent driving, with a high year-on-year increase in user mileage. They believe that the group maintains industry-leading product experience, which is expected to drive valuation growth. Additionally, the expected turnaround of the MONA M03 and P7+ models released last year is seen as a result of organizational restructuring and enhanced capabilities in various aspects following cooperation with Volkswagen. With the upcoming launch of multiple new models, the bank believes that based on the product rhythm, XPENG-W is expected to achieve a new high in sales volume in the second quarter of this year. They also estimate that the G7 may replicate the success of the G6 model and become a bestseller.