bullish
[NIO (NIO US, BUY, TP US$13) Target Price Change]: Late Delivery of Key Models Hurts 1H23 Momentum
361 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.
SUMMARY
(Sign Up to Access)Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 12-minute read)
Discussions
(Paid Plans Only)
Top Quartile
Blue Lotus Research Institute
China growth and global non-US Internet equities
Price Chart(Sign Up to Access)
- [Blue Lotus EV Sector Update]: All Solid-State Battery Unlikely to Disrupt EV Market17 Jul 2023
- NIO Inc. (NIO US, BUY, TP US$10.5) Rating Change: Witnessing a Turning Point…UG to BUY14 Jun 2023
- [NIO Inc. (NIO US) Rating Change]: DG for Weak Momentum and Margin Pressure into Q307 Mar 2023
- NIO Inc. (NIO US) – 4Q22E loss to narrow; FY23 sales to outperform01 Feb 2023
- NIO Inc. (NIO US) – Five new models in 1H23 to regain market share11 Nov 2022
- NIO Inc. (NIO US) – Strongest 4Q22 sales volume among NEV trio08 Sep 2022
x