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26844 JP-GWMC@EC2501A (CALL)
RT Nominal unchange0.425 0.000 (0.000%)

26/06/2024 15:10

{I-bank focus}Morgan raises Great Wall Motor to HKD12.2

[ET Net News Agency, 26 June 2024] Morgan Stanley raised the target price for Great Wall
Motor (02333) to HKD12.2 from HKD11.5 and maintained the "equal-weight" rating.
The research house said it lifts 2024 and 2025 earnings estimates by 13% and 7% to
reflect a stronger profitability outlook on the back of rising exports, which should more
than mitigate lukewarm sales performance in China. (rc)

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