Great Wall Motor Targeting Select Regions for Overseas Expansion -- Market Talk

Dow Jones03-29

0759 GMT - Great Wall Motor will focus on select regions for its overseas expansion in 2024, Citi analysts write in a note. The Chinese automaker picked the Middle East, North Africa, Brazil, Mexico, Thailand, Indonesia and Philippines as a few key strategic areas. Despite an intensifying price war in China's electric-vehicle market, Great Wall Motor plans to use decent cash flow from its Tank and Pickup brands and overseas revenues to help with its EV unit growth. Citi maintains a buy rating and a target price of HK$10.90 on the stock. Shares last closed at HK$8.70. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

March 29, 2024 03:59 ET (07:59 GMT)

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Citi maintains a buy rating and a target price of HK$10.90 on the stock. Shares last closed at HK$8.70. 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The Chinese automaker picked the Middle East, North Africa, Brazil, Mexico, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2423043997","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2423043997","pubTimestamp":1711699140,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0759 GMT - Great Wall Motor will focus on select regions for its overseas expansion in 2024, Citi analysts write in a note. 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