Movement Alert|Great Wall Motor Falls 3.04% in Regular Trading, UOB Kay Hian Cuts Target Price to HK$12

Market Focus
07/07

On July 7, Great Wall Motor fell 3.04% in regular trading, trading at HK$8.6/share, with turnover of HK$95.83 million.

On the news front, UOB Kay Hian issued a research report cutting Great Wall Motor's target price from HK$15 to HK$12, citing weaker-than-expected June sales due to domestic market pressure and model transition effects, with a less optimistic outlook going forward.

According to the company's latest production and sales data, Great Wall Motor sold 108,080 vehicles in June, down 2.36% year-over-year, while first-half cumulative sales reached 583,895 units, up only 2.48%. Notably, June production rose 9.8% to 119,262 units, with the widening gap between output and sales reflecting mounting inventory pressure. The brokerage noted that BYD and Geely outperformed peers on strong overseas sales and EV momentum, while Great Wall Motor and Li Auto underperformed due to domestic headwinds. UOB Kay Hian maintains an industry-level Market Perform rating, with Great Wall Motor's outlook characterized as unclear.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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