[ET Net News Agency, 18 May 2020] Daiwa Research raised its target price for Great Wall
Motor (GWM)(02333) to HK$5.7 from HK$5.4 and maintained its "outperform" rating.
The research house said hosted a virtual NDR for GWM on 15 May. Daiwa cited management
noting sales volume growth recovery. Daiwa expects the growth momentum to continue, driven
by its solid product pipeline in 2H, including the pick-up Pao's cross-country version,
an upgraded version of H6 (August), and a new SUV model.
GWM's management thinks the current pricing of its models as reasonable and does not
plan to offer deep discounts in the near term to compete with other brands so as to
gradually establish its brand image. (KL)
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02333 GWMOTOR
Nominal 
11.600 -0.220 (-1.861%) Research Report
18/05/2020 15:42
{I-bank focus}Daiwa lifts Great Wall Motor (02333) to HK$5.7
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