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.)