GAC Group (2238 HK) – 1Q23 earnings miss on gross margin
⬆ $Guangzhou Automobile Group(02238)$ - GAC’s 1Q23 net profit was 15% below our prior expectation, largely due to its alltime low gross margin. We are still of the view that GAC is a defensive player in a volatile market.
Continue reading on Smartkarma:- https://www.smartkarma.com/insights/gac-group-2238-hk-1q23-earnings-miss-on-gross-margin?utm_source=tiger_community
By CMB International, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/cmb-international?utm_source=tiger_community
On Guangzhou Automobile Group (02238):- https://www.smartkarma.com/entities/guangzhou-automobile-group-co-ltd?utm_source=tiger_community
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