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| HSI1 | 18,475.92 | +268.79 | 116.19B |
| HSCEI1 | 6,547.29 | +110.20 | 55.14B |
| Back Zoom + Zoom - Block Traded | |
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2024-04-25 14:00:50 CMBI highlighted in a report that GWMOTOR (02333.HK) achieved a net profit of RMB3.2 billion for 1Q24, exceeding investors' original forecasts and boosting the broker's confidence in its full-year profitability. CMBI hiked its full-year net profit forecast on GWMOTOR by 25% to RMB9.9 billion, but noted that the company still needs to launch new energy vehicles with high sales volume in mainstream markets to boost investors' confidence in its electric transformation. The broker maintained its sales volume forecast of 1.35 million units for this year, representing a YoY increase of 10%, and raised its average selling price forecast by 3%. The broker also elevated its full-year gross profit margin forecast by 0.3 ppts to 18.9% as gross profit margin in 1Q exceeded expectations. CMBI maintained its Buy rating on GWMOTOR and raised its target price from $13 to $14. ~ AAStocks Financial News Web Site: www.aastocks.com | |