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<Research>HSBC Research Initiates Buy on LEAPMOTOR, Expects Break-even This Yr
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HSBC Global Research published a report on LEAPMOTOR (09863.HK), which precisely met the needs of budget-conscious consumers in China, given its cost-effective and basic smart-feature-equipped EV product positioning. This prompted its rapid rise in the Chinese EV market, with its market share growing from 1% in 2020 to 4.2% in October 2025, making it the sixth best-selling brand after Tesla. HSBC Global Research initiated a Buy rating on Leapmotor, expecting the company to enhance operational efficiency through its independent research and manufacturing capabilities. Coupled with the accelerated launch of new products, it was estimated that the sales CAGR from 2025 to 2027 will reach 41%, while revenue and net profit CAGRs were expected to reach 50% and 173%, respectively. A target price of HKD66.7 was given, with a forecast that the company may achieve break-even this year. AASTOCKS Financial News Website: www.aastocks.com |
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