UBS: Cuts Great Wall Motor (02333.HK) target price to HK$12, maintains "Buy" rating.

Zhitong Finance APP has learned that UBS issued a research report stating that it has lowered the target price of Great Wall Motor (02333.HK) from HK$18 to HK$12, mainly reflecting the uncertainty of Russia's vehicle scrappage tax rebate policy, but maintaining a "Buy" rating. The bank believes that the company's dividend yield of about 5.5% is attractive at the current share price level.