Bank of America Securities Raises GAC Group Target Price to HK$3.6, Maintains "Neutral" Rating
Deep News
Sep 01
Bank of America Securities released a research report stating that it has raised the target price for GAC Group (02238) from HK$3.5 to HK$3.6, while maintaining a "neutral" rating on its H-shares.
The report noted that GAC Group posted a net loss of RMB 1.8 billion in the second quarter, which fell short of market expectations. Taking into account the second quarter 2025 performance, the firm expects a full-year net loss of RMB 500 million for 2025. Consequently, the bank has lowered its earnings per share forecasts for 2026 and 2027 by 14% and 9% respectively.
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