＜Research＞CICC Hikes GWMOTOR (02333.HK) TP to $18; Interim Profit Alert Beats

AASTOCKS

2024-07-17 10:38

CICC released a research report, raising GWMOTOR (02333.HK)'s net profit forecasts for 2024 and 2025 by 14% and 11% to RMB12 billion and RMB14 bil...

　　CICC released a research report, raising GWMOTOR (02333.HK) -0.040 (-0.331%) Short selling $17.28M; Ratio 11.456% 's net profit forecasts for 2024 and 2025 by 14% and 11% to RMB12 billion and RMB14 billion, respectively, given the steady growth in sales and exports of the “Tank” brand of the automaker, as well as the estimate-beating interim profit forecast.

　　CICC also hiked its H-share TP on GWMOTOR by 13% to $18, maintaining an Outperform rating.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-16 16:25.)

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