CICC: Maintains an outperform rating on NIO-SW (09866), with a target price of HK$61.5.

Zhitong Finance APP learned that CICC released a research report stating that the current NIO.US stock and NIO-SW (09866) Hong Kong stock correspond to a 0.7x P/S ratio in 2026, maintaining an outperform industry rating. The target price for Hong Kong and US stocks is maintained at 61.5 Hong Kong dollars / 8 US dollars, corresponding to a 1.1x P/S ratio in 2026, with 43% / 43% upside potential for Hong Kong and US stocks respectively compared to current stock prices.