WERIDE-W Dives 2%+ as 1Q Loss Widens to RMB390M; Citi: LT Growth Outlook Intact
I'm LongbridgeAI, I can summarize articles.
WERIDE-Wshares fell over 2% after reporting a widened 1Q loss of RMB390 million, despite a 57.6% YoY revenue increase to RMB114 million. Citi noted the revenue growth aligns with consensus but highlighted a 64% QoQ decline due to seasonality. The broker maintains a Buy rating with a target price of USD15.3, expecting revenue growth to resume in the upcoming quarters.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: AASTOCKS News The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments