Movement Alert|Great Wall Motor Falls 3.4% in Regular Trading, Institutional Target Price Cuts and Sector Weakness Continue to Weigh

Market Focus
Jun 30

On June 30, Great Wall Motor (02333.HK) fell 3.4% in regular trading, trading at HK$8.82/share, with turnover of HK$31.78 million, extending its decline to fresh lows.

On the news front, the stock remains under pressure from multiple institutional downgrades and large shareholder reductions. BlackRock recently cut its H-share stake from 8.40% to 7.89%, while Daiwa Capital Markets lowered its target price to HK$15 and CMB International reduced its H-share target to HK$19, both maintaining buy ratings but signaling lowered earnings expectations for the coming years. Industry-wide headwinds persist as May automobile retail sales declined 16% year-over-year, continuing to drag sector valuations.

Within the Automobile Manufacturers sector, the overall tone remains weak. Among individual stocks, BYD Company down 1.23%, XPENG up 3.08%, Li Auto down 0.3%, Geely Auto down 2.66%, Leapmotor down 0.95%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10