[ET Net News Agency, 6 December 2024] UBS initiates coverage of Leapmotor (09863) with a
target price of HKD25 and a "sell" rating.
The research house said it likes Leapmotor's product offering and strong execution, it
believes the current valuation implies overly high expectations for both domestic volume
growth and international profit contribution, opening for larger potential downside. (rc)