Credit Suisse released a research report saying that it maintains the GAC Group (02238.HK) "outperforms the market" rating, and it is expected that the overall sales of China's automobile industry will achieve double-digit declines in 2023 under the favorable policy exit, so it lowers the 2023-24 earnings per share test by 15.8% to 30.4%, and lowers the sales and profit margin assumptions, and lowers the target price from HK$10.2 to HK$7.
As of the close of October 27, 2022, GAC Group (02238.HK) closed at 5.52 yuan, up 3.37%, with a turnover rate of 0.61%, a trading volume of 18.9867 million shares, and a trading volume of of .105 billion yuan. Investment banks have little attention to the stock, and no investment bank has given it a rating within 90 days.
GAC Group Hong Kong stock market value is HK$17.104 billion, ranking 7th in the automotive industry. The main indicators are shown in the table below:
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