Shenwan Hongyuan: First granting Cao Cao a "buy" rating for the trip (02643), with a target market value of HK$46.9 billion, corresponding to a 21% upside.

According to the Wise Finance and Economics APP, on August 19, Shenwan Hongyuan Research released an in-depth research report, covering Cao Cao Chuxing (02643) for the first time and giving it a "buy" rating. The report pointed out that Cao Cao Chuxing, as an important shared mobility platform under Geely Group, is actively developing customized fleets on the basis of traditional ride-hailing services, and laying out the Robotaxi autonomous driving taxi business, demonstrating clear profit paths and high growth potential.