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Citi Reaffirms 'Buy' Rating for Nexteer, Elevates Target Price to HK$8
2025-05-20 /
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Author：小编
Citi has upped its profit projection for Nexteer by 6% for the 2025-2026 period and hiked the target price from HK$4.2 to HK$8, utilizing a PEG ratio of 0.7x. Nexteer witnessed a 60% year-over-year surge in order volume in the first quarter of this year, driven by robust demand for EMB and brake-by-wire products. Revenue growth aligned with expectations, and the impact of US tariffs was less severe than anticipated. Citi anticipates a 29% compound annual growth rate in Nexteer's net profit from 2025 to 2027 and maintains its 'Buy' rating with conviction.
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