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<Research>M Stanley Believes GAC GROUP's Shr Price to Have 80%+ Chance to Rise in 45 Days
Recommend 9 Positive 19 Negative 4 |
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The recently announced "trade-in" policy in China will benefit the sales performance of GAC GROUP (02238.HK)'s low-/ mid-segment ICEV/ NEV, Morgan Stanley released a research report saying. Morgan Stanley also expected GAC GROUP's previously announced H-share buyback program, to start gradually after the Company's general shareholder meeting in May 2024. Combining the above factors, Morgan Stanley believed that GAC GROUP's share price has an over 80% probability to rise within 45 days. Morgan Stanley rated the Company at Overweight, with a target price on GAC GROUP's H-shares at $6.3. AAStocks Financial News |
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