Great Wall Motor's 1Q Profit May Have Surged on Export Strength -- Market Talk

Dow Jones04-08

0627 GMT - Strong export growth may have propelled a jump in 1Q net profit at Great Wall Motor, Citi analysts say in a note, projecting net profit at CNY2.5 billion-CNY2.8 billion. Great Wall's net profit was CNY174.23 million in 1Q 2023. The Chinese automaker reported 1Q booked wholesales volume rising 25% on year to 275,333 units, the analysts note, estimating the company's export sales to Russia at 45,000 units, more than doubling on year. Citi maintains a buy rating on the stock with a target price of HK$10.90. Shares are last up 6.65% at HK$9.78. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

April 08, 2024 02:27 ET (06:27 GMT)

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Citi maintains a buy rating on the stock with a target price of HK$10.90. Shares are last up 6.65% at HK$9.78. 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Great Wall's net ...</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":"02333","symbol_name":"长城汽车","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2425893480","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2425893480","pubTimestamp":1712557620,"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":"0627 GMT - Strong export growth may have propelled a jump in 1Q net profit at Great Wall Motor, Citi analysts say in a note, projecting net profit at CNY2.5 billion-CNY2.8 billion. 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