Movement Alert|Great Wall Motor Falls 3.02% in Regular Trading, BlackRock Reduces Holdings Amid Target Price Cuts and Sector Weakness

Market Focus06-25 10:16

On June 25, Great Wall Motor fell 3.02% in regular trading, trading at HKD 9.29/share, with turnover of HKD 40.27 million.

On the news front, the Hong Kong Stock Exchange disclosed that BlackRock reduced its holding in Great Wall Motor H-shares from 8.40% to 7.89% on June 17, sending a bearish signal from a major institutional investor that intensified selling pressure. Meanwhile, DBS Vickers recently lowered its target price to HKD 15, and CMB International also cut its H-share target price to HKD 19, reflecting persistently deteriorating institutional expectations for the company.

The broader Automobile Manufacturers sector remained under collective pressure, with Li Auto down 4.77%, XPeng down 4.64%, Leapmotor down 2.84%, Geely Auto down 1.94%, and BYD Company down 1.05%. Industry data showed May auto retail sales declined 16% year-over-year, with weakening sector sentiment continuing to weigh on valuations across the board.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment