Seres Group Sales Pressure Likely to Continue -- Market Talk

Dow Jones06-11 09:06

0106 GMT - Seres Group earnings will continue to face headwinds due to tepid sales performance and growing competition, Citi analyst Jeff Chung says in a note. A potential aging model cycle and intense competition in the large SUV segment will add to the strain, the analyst says. Citi lowers its 2026-2028 revenue forecast by 15%-17% to 152 billion yuan-169 billion yuan. The bank cuts the target price for its A shares to 55.4 yuan from 88.1 yuan and for its H shares to 63.7 Hong Kong dollars from HK$98.90. Citi keeps a sell rating on the stock. The A shares last closed at 68.88 yuan and H shares last ended at HK$58.80. (venkat.pr@wsj.com)

(END) Dow Jones Newswires

June 10, 2026 21:06 ET (01:06 GMT)

At the request of the copyright holder, you need to log in to view this content

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/2642477994?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-11 09:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2642477994","market":"nz","top_or_hot":-1,"title":"Seres Group Sales Pressure Likely to Continue -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0106 GMT - Seres Group earnings will continue to face headwinds due to tepid sales performance and growing competition, Citi analyst Jeff Chung says in a note. A potential aging model cycle and intense competition in the large SUV segment will add to the strain, the analyst says. Citi lowers its 2026-2028 revenue forecast by 15%-17% to 152 billion yuan-169 billion yuan. The bank cuts the target price for its A shares to 55.4 yuan from 88.1 yuan and for its H shares to 63.7 Hong Kong dollars from HK$98.90. Citi keeps a sell rating on the stock. The A shares last closed at 68.88 yuan and H shares last ended at HK$58.80. (venkat.pr@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 10, 2026 21:06 ET (01:06 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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>Seres Group Sales Pressure Likely to Continue -- 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\">\nSeres Group Sales Pressure Likely to Continue -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-11 09:06</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0106 GMT - Seres Group earnings will continue to face headwinds due to tepid sales performance and growing competition, Citi analyst Jeff Chung says in a note. A potential aging model cycle and intense competition in the large SUV segment will add to the strain, the analyst says. Citi lowers its 2026-2028 revenue forecast by 15%-17% to 152 billion yuan-169 billion yuan. The bank cuts the target price for its A shares to 55.4 yuan from 88.1 yuan and for its H shares to 63.7 Hong Kong dollars from HK$98.90. Citi keeps a sell rating on the stock. The A shares last closed at 68.88 yuan and H shares last ended at HK$58.80. (venkat.pr@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 10, 2026 21:06 ET (01:06 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0012","symbol_name":"证金概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642477994","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642477994","pubTimestamp":1781139960,"columns":[],"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":"0106 GMT - Seres Group earnings will continue to face headwinds due to tepid sales performance and growing competition, Citi analyst Jeff Chung says in a note. A potential aging model cycle and intense competition in the large SUV segment will add to the strain, the analyst says. Citi lowers its 2026-2028 revenue forecast by 15%-17% to 152 billion yuan-169 billion yuan. The bank cuts the target price for its A shares to 55.4 yuan from 88.1 yuan and for its H shares to 63.7 Hong Kong dollars from HK$98.90. Citi keeps a sell rating on the stock. The A shares last closed at 68.88 yuan and H shares last ended at HK$58.80. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"601127":"赛力斯","BK0012":"证金概念","BK0264":"汽车制造","BK0028":"国家队","BK0014":"新能源汽车","BK0185":"二线龙头","BK0201":"可转债"},"translate_title":"Seres集团销售压力可能会持续——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"601127":0.9},"content_text":"0106 GMT - Seres Group earnings will continue to face headwinds due to tepid sales performance and growing competition, Citi analyst Jeff Chung says in a note. A potential aging model cycle and intense competition in the large SUV segment will add to the strain, the analyst says. Citi lowers its 2026-2028 revenue forecast by 15%-17% to 152 billion yuan-169 billion yuan. The bank cuts the target price for its A shares to 55.4 yuan from 88.1 yuan and for its H shares to 63.7 Hong Kong dollars from HK$98.90. Citi keeps a sell rating on the stock. The A shares last closed at 68.88 yuan and H shares last ended at HK$58.80. (venkat.pr@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 10, 2026 21:06 ET (01:06 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"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,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","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/2642477994","isCrawlerRequest":true}