Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Rates GAC GROUP (02238.HK) at Neutral, Adds TP to $3.8
Recommend 4 Positive 6 Negative 2 |
||||
|
||||
|
GAC GROUP (02238.HK) announced its preliminary results for 2025, expecting a net loss attributable to shareholders between RMB8-9 billion, primarily due to higher asset impairments and a decline in investment income from joint ventures, Citi Research issued a research report saying. Considering the actual sales performance in 2025 and the broker's more conservative industry outlook for 2026, Citi Research lowered its 2025-2027 forecasts for GAC GROUP to losses of RMB8.56/ 4.94/ 2.07 billion. Taking into account advancements in robotics technology and its partnership with Huawei, the broker added its target price for GAC GROUP's H-shares from $3 to $3.8, and kept rating at Neutral. Citi Research also lifted its target price for GAC GROUP's A-shares from RMB7.2 to RMB8.1, and upgraded it from Sell to Neutral. The broker believed that, after an 11% decline in A-share price over the past year, the risk-reward now appears neutral. AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
