[ET Net News Agency, 3 April 2020] Huatai Research lowered its target price for Great
Wall Motor (GWM)(02333) to HK$6.6 from HK$7.5 and maintained its "buy" rating.
The research house said GWM's 2019 net profit of RMB4.5bn was broadly in line. Huatai
believes GWM is able to deliver positive growth in auto sales revenue and net profit in
the coming years via new model introductions and market-share gains.
Considering COVID-19 impact in 2020, Huatai cut its 2020/2021 net profit estimates by
19/1%. It believes GWM's competitiveness has improved in a tough market and that this will
likely prompt an uptrend in earnings growth, after a three-year downward trend in
2017-2019. (KL)
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02333 GWMOTOR
Nominal 
11.020 -0.100 (-0.899%) Research Report
03/04/2020 15:46
{I-bank focus}Huatai cuts Great Wall Motor (02333) to HK$6.6
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
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