Lyon has raised its profit forecast for Great Wall Motor (02333) in the next two years by 9% and 8% respectively.
According to the research report released by Lyon on the second quarter performance of Great Wall Motor (02333), it is believed that the performance of the new model, Blue Mountain ADAS Edition, in autonomous driving navigation (NOA) is good. It is believed that with its unique advantages, it can have more flexible pricing for some off-road related models, thereby supporting the profitability. Taking into account the aforementioned factors and Great Wall Motor's strong export performance, the company's profit forecast for the next two years has been raised by 9% and 8% respectively, with the target price increasing from HKD 13.5 to HKD 14.2, maintaining an "outperform the market" rating.
