LEAPMOTOR Retains 'Outperform' Rating with HK$60 Price Target from CITIC CLSA

Deep News
05/20

CITIC CLSA has issued a research report maintaining its 'Outperform' investment rating on LEAPMOTOR (09863), with an unchanged target price of HK$60. The firm anticipates a recovery in sales for the second fiscal quarter alongside a positive shift in the product mix, expecting an increased share of the D-series models. The potential in overseas markets continues to grow, with plans to launch new models and achieve localized production in the third fiscal quarter. CITIC CLSA has slightly raised its domestic and export sales forecasts for LEAPMOTOR for 2026, projecting 721,000 units and 178,000 units respectively.

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