09/01/2017 15:25

[I-bank focus]DB raises Great Wall Motor (02333) to HK$7.4

[ET Net News Agency, 9 January 2017] Deutsche Bank raised its target price for Great
Wall Motor (GWM)(02333) to HK$7.4 from HK$6.9, and maintained its "hold" rating.
GWM announced its December 2016 sales grew 57% to 150,548 units. Going into 2017, GWM
stated that it will target to sell 1.25m units of vehicles, implying a growth rate of
Considering the new sales information provided by the company, The research house raised
its FY2016-18 revenue forecast by 6.5%, 10.6% and 10.6%, on the back of higher sales
volume estimates.
But DB is still cautious on the SUV segment competitions and margin trend for the
company, mainly due to: (1) higher production costs to ensure product quality; and (2)
higher R&D costs to defend against peers' competition. (KL)

全新消閒節目《周一加油站》,幫你踢走悶氣,重新注入元氣! ► 即睇


全城狂賀港隊運動員東奧創佳績!【etnet Bonus】賞你Decathlon電子禮品卡

【周一加油站】好禮Cheer You Up — 賞姆明縮骨遮

【洞悉投資先機】etnet App精明外匯買賣四招