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.)