Soochow Securities Begins Coverage of CIDI with a Buy Rating, Projects Net Profit of RMB 103 Million This Year
Research Coverage Initiation: Soochow Securities has initiated coverage on CIDI (03881.HK) with a Buy rating, recognizing its leadership in intelligent driving technology and unmanned truck solutions.
Financial Projections: The broker estimates that CIDI will incur a loss of RMB269 million in 2025, but expects a profit of RMB103 million this year, potentially increasing to RMB627 million by 2027.
Discover Tomorrow's Bullish Stocks Today
Analyst Views on 03881
About the author
Soochow Securities Begins Coverage of CIDI with a Buy Rating, Projects Net Profit of RMB 103 Million This Year
Research Coverage Initiation: Soochow Securities has initiated coverage on CIDI (03881.HK) with a Buy rating, recognizing its leadership in intelligent driving technology and unmanned truck solutions.
Financial Projections: The broker estimates that CIDI will incur a loss of RMB269 million in 2025, but expects a profit of RMB103 million this year, potentially increasing to RMB627 million by 2027.
CIDI (03881.HK) Shares Drop 13.7% to $227 Following IPO
CIDI Stock Performance: CIDI (03881.HK) debuted at $263, reached a high of $263 and a low of $218, closing at $227, which is a 13.7% drop from the listing price.
Trading Volume and Loss: The stock had a trading volume of 811,640 shares and a turnover of $200.82 million, resulting in a book loss of $360 per board lot of 10 shares.
