CICC: Great Wall Motor (02333) rated as "outperforming the industry" with a target price of 19 Hong Kong dollars.

China International Capital Corporation (CICC) released a research report stating that they have given Great Wall Motor a "outperform industry" rating, maintaining the group's profit forecast for 2024 and 2025, and predicting a net profit of 17.5 billion RMB for 2026, with a target price of 19 HKD. The report stated that Great Wall Motor's net profit for the previous year is expected to increase by 76.6% to 85.1% year-on-year, reaching 12.4 billion to 13 billion RMB, and after deducting non-recurring gains and losses, the net profit is expected to be 9.4 billion to 10 billion RMB, an increase of 94.5% to 106.9% year-on-year. The performance forecast meets expectations.