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Real-time News
On October 16, Xpeng Motors reported that in September 2025, Xpeng Motors exports exceeded 5,000 units, a month-on-month increase of 65.8% and a year-on-year increase of 79.4%. From January to September 2025, Xpeng Motors exported more than 29,723 vehicles, a year-on-year increase of 125.2%.Barclays: Raised its target price for Morgan Stanley (MS.N) to $183 from $156 previously.Piper Jaffray: Raised its price target on Bank of America Corp (BAC.N) to $55 from $50.JPMorgan Chase & Co. lowered its target price for Deutsche Bank (DB.N) to 244 euros from 246 euros.On October 16th, JPMorgan Chase published a report upgrading Pop Marts (09992.HK) investment rating from "Neutral" to "Overweight," with a target price increase from HK$300 to HK$320. JPMorgan noted that the company has fallen approximately 24% since its recent high on August 26th, compared to a roughly 7% increase in the Hang Seng Index over the same period. The bank believes this suggests investors are lowering their forecasts for the company and adopting a more conservative stance. After raising its 2025-27 earnings forecast by 5% to 7%, JPMorgan now expects Pop Marts sales and adjusted earnings to increase by 165% and 276% year-on-year this year, respectively, and by 28% and 29% year-on-year next year. According to the banks forecast, Pop Mart is currently trading at 20 times the projected price-to-earnings ratio for next year. JPMorgan Chase believes that the valuation is attractive. Future catalysts include the third-quarter operating data to be released at the end of October; strong sales at Halloween and Christmas; the "Labubu & Friends" animation is expected to be released in December; and Labubu 4.0 is expected to be released in March or April next year.
