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Great Wall Motor (02333): In June, a total of 4000 yuan worth of 'Changqi Convertible Bonds' were converted into company stocks.
Great Wall Motor (02333) announced that from June 1, 2024 to June 30, 2024, a total of 4,000 convertible bonds of Long Auto had been converted into company stocks, with a conversion ratio of 100 shares. From December 17, 2021 to June 30, 2024, a total of 4.728 million yuan of convertible bonds had been converted into company stocks, with a cumulative conversion ratio of 124,197 shares, accounting for 0.0013% of the total issued shares of the company before the conversion of convertible bonds. As of June 30, 2024, the convertible bonds that have not been converted yet amounted to 3.495 billion yuan.
HTSC auto industry mid-year outlook: Mild recovery in the auto market brings incremental growth to the industry chain driven by strong product cycle.
According to Zhitong Finance APP, Huatai Securities released research reports stating that from January to May 2024, the automobile market has modestly recovered, with China's passenger vehicle cumulative sales reaching 9.659 million units, a YoY increase of 7.3%, and cumulative zero sales reaching 8.153 million units, a YoY increase of 5.3%. As the automobile market enters the semi-annual closing period, and with the potential for old-for-new replacement or release of replacement potential, subsequent automobile consumption may continue to rise.
Research report digging ǀ Guotai Junan Securities: maintain the "buy-A" rating of Great Wall Motor, Tank June sales performance is impressive.
According to research reports from Guotai Junan Securities, sales of Great Wall Motor (601633.SH) in June were in line with expectations, with growth mainly driven by exports and tank sales. Tank sales in June were 26,000 units, up 28% month-on-month and 104% year-on-year. The new energy off-road industry has great potential, and the tank series sales performance is impressive. With the subsequent improvement of the product matrix, it is expected to further contribute to the growth of business performance. Considering that the sales structure will be significantly optimized under the growth of the company's new energy off-road and export business in 2024, profit is expected to increase significantly. A 2024 P/E ratio of 25 times is given to the company with a corresponding target price of 38.2 yuan/share for 6 months, maintaining
Great Wall Motor Sales and Production Numbers Drop in June
Great Wall Motor (HKG:2333, SHA:601633) sold 98,080 vehicles in June, about a 6.55% decrease from the prior-year period, according to a Monday Hong Kong bourse filing. The Haval model posted the highe
Daiwa: Maintains "buy" rating for Great Wall Motor (02333) with a target price of HKD 20.
According to a research report released by Daiwa Securities, the gross margin of Great Wall Motor (02333) will continue to be strong in the second half of 2024, and overseas expansion will be the main driving force for growth. The company raised its target price to HKD 20 and maintained a 'buy' rating. Daiwa Securities stated that as export sales in May were recorded in June, the company's management expects strong sales volume in June. For the second quarter of 2024, management expects gross margins to remain flat or slightly increase on a quarterly basis, due to unchanged average selling prices and improved sales matrix. In the second half of the 2024 fiscal year, management expects higher sales profits in overseas markets.
HK Stock Market News | Great Wall Motor (02333) falls more than 3% with a 6.55% year-on-year decrease in auto sales in June. The achievement rate in the first half of the year is less than 30% of the target.
Great Wall Motor (02333) fell more than 3%, after an initial rise of nearly 3%. As of press time, it has fallen by 3.65%, to HKD 11.6, with a turnover of HKD 197 million.
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