CICC raised the net income forecast for Great Wall Motor (02333) in 2024 and 2025 to RMB 12 billion and RMB 14 billion respectively.
According to the report released by CICC on the app of Sina Finance, based on the stable growth of the "Tank" brand sales and exports of Great Wall Motor (02333), and the better-than-expected mid-term profit forecast, the company's net profit forecast for 2024 and 2025 was increased by 14% and 11% respectively to RMB 12 billion and RMB 14 billion. The bank also raised the H-share target price of Great Wall Motor to HKD 18, maintaining a "outperform" rating.