GO
| HSI1 | 26,033.26 | +174.37 | 200.88B |
| HSCEI1 | 9,172.84 | +42.66 | 76.25B |
| Back Zoom + Zoom - Block Traded | |
|
2025-12-01 11:41:33 GAC GROUP (02238.HK) once surged by 10.4% intraday last Friday (28th) and has accumulated a 24% increase over the past week, according to a Morgan Stanley report. Morgan Stanley attributed this rally to three recent tailwinds: the management's latest statement on mass production of vehicles equipped with all-solid-state batteries by 2026, much more information disclosed on the brand Qijing under the collaboration with Huawei, and the announcement of marketing cooperation with JD-SW (09618.HK). Although these three tailwinds will take time to scale and their substantial contribution to earnings is limited in the short term, Morgan Stanley still believes that GAC GROUP's current valuation remains undervalued, considering the carmaker's latest business developments and retention of a 5.7% market share this year. Morgan Stanley gave GAC GROUP an Overweight rating and a target price of HKD3.9. ~ AAStocks Financial News Web Site: www.aastocks.com | |