Great Wall Motor's Gross Profit Margin Could Improve in 3Q -- Market Talk

Dow Jones08-30

0253 GMT - Great Wall Motor could continue improving its gross profit margin in 3Q due to cost reduction, export growth and a better domestic sales mix, Citi analysts say in a research note. The Chinese automaker's 1H gross profit margin rose to 20.7%, driven by a higher overseas high-end product mix and optimized domestic sales, the analysts say. The automaker's 3Q exports could reach around 120,000 units, supporting its GPM trend further, they say. Meanwhile, its cost reduction from parts and other variable cost actions from 1H should become more effective in 3Q and help improve GPM on quarter, they add. Citi maintains a buy call on Great Wall Motor with the target price unchanged at HK$17.50. Shares are 5.5% higher at HK$11.04. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

August 29, 2024 22:53 ET (02:53 GMT)

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

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2463226623?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-30 10:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2463226623","market":"hk","top_or_hot":-1,"title":"Great Wall Motor's Gross Profit Margin Could Improve in 3Q -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0253 GMT - Great Wall Motor could continue improving its gross profit margin in 3Q due to cost reduction, export growth and a better domestic sales mix, Citi analysts say in a research note. The Chinese automaker's 1H gross profit margin rose to 20.7%, driven by a higher overseas high-end product mix and optimized domestic sales, the analysts say. The automaker's 3Q exports could reach around 120,000 units, supporting its GPM trend further, they say. Meanwhile, its cost reduction from parts and other variable cost actions from 1H should become more effective in 3Q and help improve GPM on quarter, they add. Citi maintains a buy call on Great Wall Motor with the target price unchanged at HK$17.50. Shares are 5.5% higher at HK$11.04. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 29, 2024 22:53 ET (02:53 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Great Wall Motor's Gross Profit Margin Could Improve in 3Q -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGreat Wall Motor's Gross Profit Margin Could Improve in 3Q -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-30 10:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0253 GMT - Great Wall Motor could continue improving its gross profit margin in 3Q due to cost reduction, export growth and a better domestic sales mix, Citi analysts say in a research note. The ...</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":"82333","symbol_name":"长城汽车-R","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2463226623","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2463226623","pubTimestamp":1724986380,"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":"0253 GMT - Great Wall Motor could continue improving its gross profit margin in 3Q due to cost reduction, export growth and a better domestic sales mix, Citi analysts say in a research note. The Chinese automaker's 1H gross profit margin rose to 20.7%, driven by a higher overseas high-end product mix and optimized domestic sales, the analysts say. The automaker's 3Q exports could reach around 120,000 units, supporting its GPM trend further, they say. Meanwhile, its cost reduction from parts and other variable cost actions from 1H should become more effective in 3Q and help improve GPM on quarter, they add. Citi maintains a buy call on Great Wall Motor with the target price unchanged at HK$17.50. Shares are 5.5% higher at HK$11.04. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"82333":"长城汽车-R","601633":"长城汽车","BK1119":"汽车制造商","BK1539":"汽车股","BK4099":"汽车制造商","02333":"长城汽车","GWLLY":"长城汽车ADR"},"translate_title":"长城汽车第三季度毛利率或将改善——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"82333":0.6,"601633":0.6,"02333":0.9,"GWLLY":0.9},"content_text":"0253 GMT - Great Wall Motor could continue improving its gross profit margin in 3Q due to cost reduction, export growth and a better domestic sales mix, Citi analysts say in a research note. The Chinese automaker's 1H gross profit margin rose to 20.7%, driven by a higher overseas high-end product mix and optimized domestic sales, the analysts say. The automaker's 3Q exports could reach around 120,000 units, supporting its GPM trend further, they say. Meanwhile, its cost reduction from parts and other variable cost actions from 1H should become more effective in 3Q and help improve GPM on quarter, they add. Citi maintains a buy call on Great Wall Motor with the target price unchanged at HK$17.50. Shares are 5.5% higher at HK$11.04. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 29, 2024 22:53 ET (02:53 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2463226623"}