CLSA Raises LEAPMOTOR's Domestic and International Sales Forecasts for 2026, Keeps HK$60 Target

Stock News
05/20

CLSA has maintained its "Outperform" investment rating on LEAPMOTOR (09863), with an unchanged target price of HK$60. The firm anticipates a recovery in sales volume for the second fiscal quarter, alongside positive shifts in the product mix, with an increased share for the D series models. Growth potential in overseas markets remains robust, with plans to launch new models and commence localized production in the third fiscal quarter. CLSA has slightly raised its domestic and export sales forecasts for LEAPMOTOR for 2026, to 721,000 and 178,000 units respectively.

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