Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down8.070 -0.080 (-0.982%)
Research Report

17/06/2019 10:55

[I-bank focus]China auto retail sales on track of recovering

[ET Net News Agency, 17 June 2019] Jefferies Research said China's car retail sales
volume (insurance number) declined 3% in May, recovering from -9/-6% in March/April.
The research house expects to see positive retail growth in June given the low base and
ongoing de-stocking of China V cars. Inventory has reduced to 1.65 months by the end of
May, close to normal level (1.5 months). Wholesale will pick up soon as the industry needs
to roll out China VI cars in late June and July.
Jefferies revised down its earnings forecasts due to delayed stimulus. It also revised
its target prices for the players in the industry as follows:
Name Rating Target price
BAIC Motor (01958) BUY HK$5.9 from HK$5.1
Brilliance China (01114) BUY HK$11
BYD Company (01211) UNDERPERFORM HK$36.9 from HK$40.8
Dongfeng Motor (00489) BUY HK$8.8 from HK$10.5
Geely Automobile (00175) BUY HK$18.8 from HK$21.3
Great Wall Motor (02333) HOLD HK$6 from HK$7.1
Guangzhou Auto (02238) BUY HK$9.7 from HK$12
Minth (00425) BUY HK$22.7 from HK$38.5


Remark: Real time quote last updated: 18/10/2019 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2019 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.