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<Research>M Stanley Assumes GWMOTOR (02333.HK) Shr Rise in 15 Days, 70-80% Likely
Recommend 18 Positive 37 Negative 17 |
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Morgan Stanley released a research report and expected the share price of GWMOTOR (02333.HK) to rise in the next 15 days, with about 70-80% potential, citing MOC's announcement on 26 April that it will introduce a policy of encouraging individual consumers to trade-in their old cars for new ones. Under the new policy, consumers purchasing eligible ICEVs or NEVs will be eligible for a subsidy of RMB7,000-10,000. It was expected that mass-market brands such as GWMOTOR will be the main beneficiaries of the measure. Morgan Stanley rated GWMOTOR at Equalweight with $11.5 TP. AAStocks Financial News |
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