BUZZ-NIO surges after reporting first ever net profit for Q4
Reuters03-11
BUZZ-<a href="https://laohu8.com/S/NIO">NIO</a> surges after reporting first ever net profit for Q4
** Shares of Chinese EV maker NIO 9866.HK rally as much as 19.7% to the highest level since November
** The company reported earlier on Tuesday an adjusted net profit of RMB726.8 million (US$103.9 million) for Q4, its first-ever quarterly net profit
** Management also gave strong revenue guidance for 1Q26
** "NIO is now able to harvest a decade of upfront spending on brandbuilding, battery swapping, and service centres to differentiate vs. peers," Macquarie said in a note
** The bank maintains outperform rating on the stock, raises the 12-month price target by 9% to HK$51.00
($1 = 6.8770 Chinese yuan)
((jiaxing.li@thomsonreuters.com))
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