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02238 GAC GROUP
RTNominal down3.120 -0.040 (-1.266%)
Research Report

07/05/2021 15:43

{I-bank focus}Jefferies lifts GAC Group (02238) to HK$7.4

[ET Net News Agency, 7 May 2021] Jefferies Research lifted its target price for GAC
Group (02238) to HK$7.4 from HK$7.2 and maintained its "hold" rating.
The research house said Japanese brands such as Honda and Toyota achieve impressive
volume growth amid China's auto slowdown. The prudent capacity expansion in progress and
new car launches should secure further growth.
Jefferies said GAC is a key beneficiary of any stimulus announced in Guangdong Province
as the company and its JVs are prominent automakers in the region. (KL)

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