CMB International: Lowered Xpeng Group-W (09868.HK) target price to 82 Hong Kong dollars, maintaining a "buy" rating.

According to the Zhongtong Financial APP, CICC International released a research report stating that Xiaopeng Group-W (09868.HK) incurred a net loss of 1.8 billion yuan in the first quarter, which exceeded the forecast by about 250 million yuan. The bank has lowered the target price of the group from 94 Hong Kong dollars to 82 Hong Kong dollars and maintained a "buy" rating.