Great Wall Motor Could Maintain Strong Margins in 2H -- Market Talk

Dow Jones09-02

0917 GMT - Great Wall Motor could continue posting strong margins in 2H, Daiwa analyst Kelvin Lau writes in a note. The Chinese automaker reported solid 1H earnings, thanks to strong export sales and efforts to prioritize high margins in the domestic market, he says. Its factory in Russia will likely help boost earnings in 2H, he adds. GWM is relatively slow in transitioning to hybrid and fully electric vehicles compared with other Chinese automakers, but that gives it an edge in overseas expansion, especially into emerging markets, Lau writes. To deal with competition in the local market, the company will likely continue focusing on margins through a strategic product mix. Daiwa maintains a buy rating on the stock, though it lowers the target price to HK$19.00 from HK$20.00. Shares closed at HK$10.66. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

September 02, 2024 05:17 ET (09:17 GMT)

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GWM is relatively slow in transitioning to hybrid and fully electric vehicles compared with other Chinese automakers, but that gives it an edge in overseas expansion, especially into emerging markets, Lau writes. To deal with competition in the local market, the company will likely continue focusing on margins through a strategic product mix. Daiwa maintains a buy rating on the stock, though it lowers the target price to HK$19.00 from HK$20.00. Shares closed at HK$10.66. 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The Chinese automaker reported solid 1H earnings, thanks to strong export sales and ...</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":"2464886444","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464886444","pubTimestamp":1725268620,"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":"0917 GMT - Great Wall Motor could continue posting strong margins in 2H, Daiwa analyst Kelvin Lau writes in a note. The Chinese automaker reported solid 1H earnings, thanks to strong export sales and efforts to prioritize high margins in the domestic market, he says. Its factory in Russia will likely help boost earnings in 2H, he adds. GWM is relatively slow in transitioning to hybrid and fully electric vehicles compared with other Chinese automakers, but that gives it an edge in overseas expansion, especially into emerging markets, Lau writes. To deal with competition in the local market, the company will likely continue focusing on margins through a strategic product mix. Daiwa maintains a buy rating on the stock, though it lowers the target price to HK$19.00 from HK$20.00. Shares closed at HK$10.66. 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