[ET Net News Agency, 4 March 2020] Goldman Sachs raised its target price for Nexteer
Automotive Group (01316) to HK$6.7 from HK$6.6 on valuation roll-over and maintained its
"neutral" rating.
The research house lowered its 2020 revenues/net profits by -2%/-9%. It said that
Nexteer has a manufacturing JV with Dongfeng in Wuhan that started mass production in 3Q
2019, which Goldman expects to be one of the key drivers for China's growth.
The disruptions in Hubei lower Goldman's expectations for a China contribution. Goldman
expects the majority of parts suppliers to normalize production by early March, except for
the capacity in Hubei. This would mean a 1-month delay from the originally planned restart
date of 31 January. (KL)
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01316 NEXTEER
Nominal 
3.870 +0.140 (+3.753%) Others
04/03/2020 16:31
{I-bank focus}Goldman Sachs raises Nexteer (01316) to HK$6.7
| Remark: | Real time quote last updated: 24/04/2024 16:01 |
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