Li Auto Hong Kong shares rise on quarterly results, outlook

Hong Kong shares of Li Auto 2015.HK rise 7.9% to HK$116.7, highest level since May 23

Stock set for the biggest one-day pct rise since Feb 25

Top pct gainer on Hang Seng Tech Index .HSTECH and Hang Seng Automobile Index .HSAMI, which are down 2.2% and 0.9%, respectively

U.S.-listed stock LI.O up 2.1% Thursday

Forecasts Q2 deliveries of 123,000-128,000 vehicles, a 13.3%-17.9% Y/Y increase; total revenue growth of 2.5%-6.7%

Chinese EV maker's Q1 results: net income up 9.4% y/y, revenues up 1.1%, vehicle sales value up 1.8%

Nomura, with "neutral" rating, says co's Q1 GPM of 20.5% beat consensus and guidance

Jefferies maintains "buy", saying vehicle margin higher than estimates; trims PT from HK$145.8 to HK$132.1 on lower margin assumptions given competition

YTD, Hong Kong stock up 23.5%