GAC Group Shares Extend Decline with Over 4% Drop Following Widened Adjusted Loss

Stock News
昨天

GAC Group (02238) fell more than 4% again. At the time of writing, the stock was down 4.71% to HK$2.83, with a turnover of HK$105 million. The company reported its first-quarter results, showing revenue of RMB 20.039 billion, a year-on-year increase of 1.98%. The net loss was RMB 656 million, narrowing by 10.29% compared to the same period last year. UBS noted in a research report that after excluding one-time items of RMB 728 million, the adjusted net loss for the first quarter was approximately RMB 1.4 billion, representing an 89% year-on-year expansion. The report pointed out that although sales of GAC's own brands showed some month-on-month recovery, the decline in average selling price and gross profit margin, coupled with the widened loss, remains disappointing. UBS believes that amid intense domestic competition for its own brands and weak growth from joint venture brands, the company's profitability is expected to continue facing pressure. The bank maintained a "Neutral" rating on the stock with a target price of HK$3.6.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10