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Nomura Sticks to Its Buy Rating for Kuaishou Technology Class B (1024)

Nomura analyst Jialong Shi maintains a Buy rating for Kuaishou Technology Class B with a price target of HK$77.00, while the stock closed at HK$63.50. Shi, a 4-star analyst, has a 10.3% average return. The consensus rating is Strong Buy with a HK$89.32 average price target. DBS also maintains a Buy rating with a HK$99.00 target.

Tip Ranks·
HK
01024
-1.46%
Tip Ranks·
HK
01024
-1.46%

Tesla Rival Xiaomi Sets Production Records as Chinese Challenge Accelerates

Xiaomi, a Chinese EV maker, celebrated its 500,000th vehicle production milestone in just over 19 months, a record for new energy vehicle makers. Despite this, Xiaomi's shares fell over 4%. The achievement highlights Xiaomi's rapid production scaling and growing market presence, posing a challenge to U.S. rivals like Tesla. Xiaomi plans to boost production and enhance AI integration in manufacturing. In Q3, Xiaomi Auto delivered 108,796 vehicles, up from previous quarters.

Tip Ranks·
SG
HXXD
+1.26%
HK
01810
+1.01%
US
XIACY
+4.55%
Tip Ranks·
SG
HXXD
+1.26%
HK
01810
+1.01%
US
XIACY
+4.55%