XPENG-W (09868.HK) -1.000 (-3.049%) Short selling $115.02M; Ratio 25.041% provided technology R&D services to Volkswagen (VW), improving its 1Q24 gross profit margin to 12.9%, Goldman Sachs issued a research report saying.
Overall, Goldman Sachs expected XPENG-W's 2024/ 2025 R&D service revenue to be RMB1.575 billion/ RMB1.95 billion each, with gross profit of RMB1.418 billion/ RMB1.755 billion, which will be directly converted into net profit.
Goldman Sachs kept rating at Buy, and raised its target price on XPENG-W's H-shares by 4% to $47.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-24 16:25.)
