Great Wall Motor (02333) fell more than 3%, as of publishing, it fell 3.35% to HKD 12.1, with a turnover of HKD 36.8003 million.
According to the Zhongtong Financial News APP, Great Wall Motor (02333) fell more than 3%, as of publishing, it fell 3.35% to HKD 12.1, with a turnover of HKD 36.8003 million.
Morgan Stanley released a research report, increasing its profit forecast for Great Wall Motor for the 2024 and 2025 fiscal year by 13% and 7% respectively, to reflect the stronger profit outlook brought by export growth, which will significantly alleviate the weak sales performance in the domestic market.
Morgan Stanley stated that Great Wall Motor's launch of the "Tank" series reflects the company's continued high-end product strategy. However, compared with its peers, Great Wall Motor's strategy for new energy vehicles is relatively conservative. The bank believes that although Great Wall Motor's export performance continues to be good, its sales channel restructuring may take longer to complete and may affect its sales performance in the domestic market in the short term.