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| HSI1 | 25,962.63 | -195.73 | 199.80B |
| HSCEI1 | 9,181.57 | -77.16 | 72.80B |
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2025-11-03 16:48:34 GWMOTOR (02333.HK) is accelerating its overseas expansion to bolster growth momentum, as a slowdown in China's domestic auto market is expected in 2026, DBS Group Research issued a research report saying. The Company has established an overseas production network to support sales and improve investment returns. For instance, its Brazilian plant (an output of 50,000 units) is set to penetrate Latin American markets including Mexico, Argentina and Chile, while its Thai factory (an output of 80,000 units) will reach the ASEAN/ Asian markets. This should also partially mitigate the impact of slower growth in the Russian market, which accounts for approx. 10% of its vehicle sales business. These facilities will produce its Haval series (H6, H9, etc.), ORA and more to shorten delivery time. Therefore, the broker trimmed its target price for GWMOTOR from $23 to $19, equivalent to a projected forward 2026 PE ratio of 10x (previously 12x for 2025), with rating kept at Buy. ~ AAStocks Financial News Website: www.aastocks.com | |