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<Research>M Stanley: GWMOTOR (02333.HK) Rated at Equalweight as 1Q Results Miss
Recommend 8 Positive 15 Negative 5 |
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GWMOTOR (02333.HK)'s 1Q26 results missed expectations, Morgan Stanley issued a research report saying. Net profit amounted to RMB945 million, down 46% YoY and 23% QoQ, while core earnings fell 67% YoY to RMB482 million. Morgan Stanley believed that foreign exchange headwinds were well anticipated by the market, and the delayed Russian tax rebate will eventually be received. However, heightened short-term volatility and a lack of surprise in the Company's full-year earnings forecast will exert downside pressure on the share price. Therefore, the broker rated GWMOTOR at Equalweight, with a target price of $15. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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