{I-bank focus}Huatai lifts Great Wall Motor (02333) to HK$25

    Huatai Research raised its target price for Great Wall Motor (GWM) (02333) to HK$25 from HK$12 and maintained its "buy" rating.
  The research house expects GWM to deliver rapid growth in both auto sales volume and net earnings in 2021, driven by a number of new models and a recovery in overall auto demand. GWM today has a diversified product portfolio, including pickup trucks, SUVs, and new energy vehicles (NEV); all three segments are experiencing strong growth momentum.
  Considering the better-than-expected sales year-to-date, Huatai lifted its net profit estimates by 1%/17%/23% for 2020-22.