Movement Alert|Great Wall Motor Falls 3.04% in Regular Trading, UOB Kay Hian Cuts Target Price to HK$12

Market Focus07-07

On July 7, Great Wall Motor fell 3.04% in regular trading, trading at HK$8.6/share, with turnover of HK$95.83 million.

On the news front, UOB Kay Hian issued a research report cutting Great Wall Motor's target price from HK$15 to HK$12, citing weaker-than-expected June sales due to domestic market pressure and model transition effects, with a less optimistic outlook going forward.

According to the company's latest production and sales data, Great Wall Motor sold 108,080 vehicles in June, down 2.36% year-over-year, while first-half cumulative sales reached 583,895 units, up only 2.48%. Notably, June production rose 9.8% to 119,262 units, with the widening gap between output and sales reflecting mounting inventory pressure. The brokerage noted that BYD and Geely outperformed peers on strong overseas sales and EV momentum, while Great Wall Motor and Li Auto underperformed due to domestic headwinds. UOB Kay Hian maintains an industry-level Market Perform rating, with Great Wall Motor's outlook characterized as unclear.

(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.)

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