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Lyon: Maintains Great Wall Motor's "outperform" rating and raises target price to HKD 14.2.
Lyon released a research report stating that Great Wall Motor (02333) performed in line with expectations in the second quarter, believing that the new model Blue Mountain ADAS version's performance of automatic driving navigation (NOA) is good, and it is believed that with its unique advantages, it can flexibly price some off-road related models to support profitability. The firm, taking into account the above factors and Great Wall Motor's strong export performance, has raised the company's profit forecast for the next two years by 9% and 8% respectively. The target price has been raised from HK$13.5 to HK$14.2, maintaining an "outperform the market" rating.
Lyon: Maintains a 'outperform' rating on Great Wall Motor (02333), with target price raised to HK$14.2.
Lyon has raised its profit forecasts for Great Wall Motor (02333) by 9% and 8% for the next two years.
Great Wall Motor's Gross Profit Margin Could Improve in 3Q -- Market Talk
Breaking News | Auto stocks rebound collectively, with impressive mid-year performance of multiple car companies, demonstrating the effectiveness of the policy of trading in old vehicles for new ones.
Auto stocks collectively rebounded, as of the time of publication, nio inc rose 6.90%, to 78.2 Hong Kong dollars; Xiaopeng rose 6.46%, to 31.3 Hong Kong dollars; nio inc rose 5.93%, to 32.15 Hong Kong dollars; byd company limited rose 4.75%, to 238.4 Hong Kong dollars.
Great Wall Motor's H shares rose more than 7% after the performance, institutions stated that overseas business helps enhance the company's profitability.
How is the revenue and net income growth situation of Great Wall Motor in the first half of the year? How do institutions predict its future performance?
Auto stocks have a strong upward trend. Li Auto Inc. (02015) rose 6.49%. Guangdong further supports the 'Old for New' policy.
Finance news: Auto stocks are showing strong upward momentum, with li auto inc (02015) up 6.49%, xpeng (09868) up 5.61%, nio inc (09866) up 5.11%, byd company (01211) up 4.66%, great wall motor (02333) up 4.21%, and linglong motors (09863) up 4.13%. In terms of news, on August 29, the General Office of the People's Government of Guangdong Province issued a notice titled "Implementation Plan for Making Good Use of Ultra-long-term Special National Debt Funds to Support the Replacement of Consumer Goods with Old Ones." The plan focuses on promoting
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