bullish
[NIO (NIO US, BUY, TP US$13) Target Price Change]: Late Delivery of Key Models Hurts 1H23 Momentum
353 Views16 Feb 2023 13:59
We expect NIO to report 4Q22 top line of RMB 16.7bn and GPM of 13.2%, missing consensus by (4%)/(0.8ppt), primarily due to COVID-related supplychain issues and lower ASP.
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Blue Lotus Research Institute
China growth and global non-US Internet equities
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