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<Research>CLSA Expects GWMOTOR (02333.HK) Overseas Growth Momentum to Continue, Keeps Outperform Rating
Recommend 10 Positive 16 Negative 5 |
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GWMOTOR (02333.HK)'s 1Q26 revenue amounted to RMB45.1 billion, up 12.7% YoY, with average selling price per vehicle at RMB167,000, according to CLSA's research report. The Company's 1Q26 sales volume rose 4.8% YoY to 269,100 units, with overseas sales accounting for 48.3%, as sales in Brazil and Southeast Asia doubled in particular, the report noted. The broker forecasted the Company's flexible multi-powertrain platform architecture to further strengthen its overseas growth momentum, enabling it to swiftly adapt to demand in different markets. Therefore, CLSA kept ratings at Outperform on GWMOTOR's H-/A-shares, with target prices of $15/ RMB23, respectively. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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