China's electric scooter maker Yadea rises as Citi lifts TP on strong growth outlook

Yadea group

27/03/2025 05:34

** Shares of Chinese electric two-wheeler manufacturer Yadea Group Holdings 1585.HK jump 6.3% to HK$15.96, set for biggest one-day pct gain since March 18

** Stock, with market capitalisation of HK$47.69 bln ($6.13 bln), hits highest since March 20

** Citi maintains "buy" and lifts TP to HK$22.5 from HK$16.1, saying it raises Yadea's 2025E volume forecast on YTD strong growth momentum, enhanced product cycle and volume growth, driven by subsidy

** Citi also upgrades 2025E net profit on product mix improvements and cost control measures

** Hang Seng Commerce & Industry Index .HSNC gains 1%, Hang Seng Index .HSI climbs 0.9%

** Yadea's stock up 18.2% YTD

($1 = 7.7754 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))