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CICC Keeps Their Buy Rating on Li Auto, Inc. Class A (L87)
CICC analyst maintained a Buy rating on Li Auto, Inc. Class A yesterday and set a price target of HK$100.00. The company’s shares closed last Thursday at HK$67.90.
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In addition to CICC, Li Auto, Inc. Class A also received a Buy from CLSA’s Ding Luo in a report issued yesterday. However, on the same day, DBS maintained a Hold rating on Li Auto, Inc. Class A (Frankfurt: L87).
Based on Li Auto, Inc. Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$30.25 billion and a net profit of HK$1.09 billion. In comparison, last year the company earned a revenue of HK$31.68 billion and had a net profit of HK$1.1 billion
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