Great Wall Motor's 4Q Net Profit Per Car Expected to Improve -- Market Talk

Dow Jones01-02

0928 GMT - Great Wall Motor's net profit per car in 4Q is expected to improve both on-quarter and on-year terms, driven by the strong performance of the company's high-margin models, Citi analysts write in a note. Additionally, the company's one-off expenses for FY2024 are likely to remain unchanged from the previous year, they add. The automaker's weak December sales in Russia were affected by the holiday season, but management expressed hopes of maintaining market share in Russia through stable operations, Citi notes. The brokerage maintains a buy rating on the stock with a target price of HK$20.40. Shares were last at HK$13.00. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

January 02, 2025 04:28 ET (09:28 GMT)

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The automaker's weak December sales in Russia were affected by the holiday season, but management expressed hopes of maintaining market share in Russia through stable operations, Citi notes. The brokerage maintains a buy rating on the stock with a target price of HK$20.40. Shares were last at HK$13.00. 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Additionally, the company's one-off expenses for FY2024 are likely to remain unchanged from the previous year, they add. The automaker's weak December sales in Russia were affected by the holiday season, but management expressed hopes of maintaining market share in Russia through stable operations, Citi notes. The brokerage maintains a buy rating on the stock with a target price of HK$20.40. Shares were last at HK$13.00. 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