Movement Alert|LI AUTO-W Rises 4.18% in Regular Trading, Overnight US Rally Combined with Ongoing Buyback Program

Market Focus
Aug 20

On August 20, LI AUTO-W rose 4.18% in regular trading, trading at HK$50.15/share, with turnover of HK$121 million.

The rally was driven by a combination of overnight strength in US equities and the company's sustained share repurchase activity. Since August, LI AUTO-W has executed buybacks on nearly every trading day. On August 18, the company spent approximately US$3.89 million to repurchase 639,400 shares at prices between US$6.0575 and US$6.14 per share. Earlier in the month, the company also repurchased 502,300 shares on August 10 for US$3.22 million and 357,838 shares on August 3 for US$2.35 million. The company has a remaining buyback authorization of 214 million shares.

Additionally, the market is looking ahead to LI AUTO-W's Q2 earnings release scheduled for August 26, with consensus revenue expectations of approximately RMB 25.08 billion, representing an estimated year-over-year decline of 17.31%. Within the Automobile Manufacturers sector, NIO-SW rose 4.2%, XPENG-W rose 2.83%, GWMOTOR rose 2.65%, GEELY AUTO rose 1.95%, and BYD COMPANY rose 1.9%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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