China Merchants International: Zero Road Auto (09863.HK) target price of 72 Hong Kong dollars to maintain a "buy" rating.

Wisdom Financial APP learned that CMB International has released a research report stating that it maintains a "buy" rating on Lixiang Automobile (09863.HK). Lixiang Automobile's performance in the first quarter of 2025 exceeded the bank's expectations, due to the increase in average selling price and gross profit margin, as well as unexpected contributions from strategic partnerships. CMB International has raised its sales forecast for the 2025 fiscal year by 15% to 550,000 vehicles. It is expected that the 2025 fiscal year will achieve a net breakeven, and then the net profit in the 2026 fiscal year will increase tenfold to 1.2 billion RMB. The target price has been raised from HK$50 to HK$72.