Nuveen Municipal OPPORTUNITY FUND Inc：Still no sign of turning profitable

M N 7 Jun 2024 CMB International Global Markets | Equity Research | Company Update NIO Inc. (NIO US) Still no sign of turning profitable Target Price US$5.60 Maintain HOLD. Both NIO’s ASP and vehicle GPM missed in 1Q24, while R&D (Previous TP US$6.20) expenses and GPM for other income beat. Although its planned launch time for Up/Downside 6.3% its third brand is earlier than we had expected, we believe management’s GPM Current Price US$5.27 guidance and assumptions for breakeven could be too optimistic. Chi ...