Glonghui, April 29 | Morgan Stanley published a research report stating that the “trade-in” policy recently announced in the Mainland will benefit GAC's sales performance of low-end and mid-range internal combustion engine vehicles (ICEVs) and new energy vehicles (NEVs). The bank also expects that the H share repurchase plan announced earlier by GAC will gradually be launched after the company's shareholders' meeting in May this year. Combining the above factors, Damo believes that GAC's stock price is likely to rise by more than 80% within 45 days. It also set a target price of HK$6.3 for H shares, with a rating of “increase in holdings.”