Ratings by Daiwa Securities (Kelvin Lau)
| Date | Company | Symbol | Type | Rating (Past) |
PT (Past) |
Start $ (End $) |
% Chg. | Details |
|---|---|---|---|---|---|---|---|---|
| 11/18/2025 | XPeng | XPEV | Upgrade | Buy (1) (Neutral (3)) |
25.01 (12.88) |
-48.5% | Details | |
| 9/3/2025 | Li Auto | LI | Upgrade | Buy (1) (Outperform (2)) |
24.40 (12.14) |
-50.25% | Details | |
| 3/19/2025 | XPeng | XPEV | Downgrade | Neutral (3) (Outperform (2)) |
24.56 (25.01) |
1.83% | Details | |
| 5/23/2024 | XPeng | XPEV | Upgrade | Buy (1) (Neutral (3)) |
8.75 (12.88) |
47.2% | Details | |
| 2/29/2024 | XPeng | XPEV | Upgrade | Neutral (3) (Sell (5)) |
8.73 (12.88) |
47.54% | Details | |
| 8/9/2023 | Li Auto | LI | Maintain | Buy (1) (N/A) |
|
Details | ||
| 6/9/2023 | NIO | NIO | Maintain | Buy (1) (N/A) |
|
Details | ||
| 12/14/2022 | XPeng | XPEV | Downgrade | Sell (5) (Buy (1)) |
10.31 (12.88) |
24.93% | Details | |
| 3/9/2021 | XPeng | XPEV | Upgrade | Buy (1) () |
28.03 (12.88) |
-54.05% | Details | |
| 2/26/2021 | Li Auto | LI | Upgrade | Neutral (3) (Buy (1)) |
25.87 (24.40) |
-5.68% | Details | |
| 11/19/2020 | ZTO Express | ZTO | Downgrade | Outperform (2) (Buy (1)) |
32.59 (24.06) |
-26.17% | Details | |
| 7/16/2020 | ZTO Express | ZTO | Upgrade | Buy (1) (Sell (5)) |
36.26 (24.06) |
-33.65% | Details | |
| 5/21/2020 | ZTO Express | ZTO | Downgrade | Neutral (3) (Buy (1)) |
34.28 (36.26) |
5.78% | Details | |
| 12/20/2019 | China Eastern Airlines | CEA | Upgrade | Buy (1) (Outperform (2)) |
26.85 (20.09) |
-25.18% | Details | |
| 4/2/2019 | China Southern Airlines | ZNH | Downgrade | Outperform (2) (Buy (1)) |
45.82 (33.08) |
-27.8% | Details | |
| 3/14/2019 | ZTO Express | ZTO | Maintain | Buy (1) (N/A) |
|
Details | ||
| 8/31/2018 | China Eastern Airlines | CEA | Upgrade | Outperform (2) (Neutral (3)) |
31.21 (26.85) |
-13.97% | Details | |
| 8/29/2018 | China Southern Airlines | ZNH | Upgrade | Outperform (2) (Buy (1)) |
34.71 (45.82) |
32.01% | Details |

