Citi: Downgrade Great Wall Motors (02333.HK) target price to HKD 19, rating "Buy"

According to the iFeng Finance APP, DBS released a research report stating that Great Wall Motors (02333.HK) is accelerating its overseas expansion to enhance growth momentum, as it is expected that the domestic car market in China will slow down by 2026. DBS has lowered its target price for Great Wall Motors from HK$23 to HK$19, which is equivalent to predicting a P/E ratio of 10 times for next year (previously predicted a P/E ratio of 12 times for this year), maintaining a "buy" rating.