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C Suisse Upgrades GREATWALL MOTOR to Outperform with Target Lifted to $12.5
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2017/06/12 10:20
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SHOW:  STOCK INFO  SHORT SELL  

Credit Suisse, in its report, upgraded GREATWALL MOTOR (02333.HK)  0.000 (0.000%)    Short selling $204.73M; Ratio 26.105%   from Neutral to Outperform as the broker believed new WEY accessible luxury brand to succeed, which offers premium products at cheaper prices. Management guided to WEY's net profit/unit being RMB5,000 above Haval. The broker expected WEY's 2017/18/19 sales to be 60,000/190,000/310,000 units respectively.

Credit Suisse lowered the 2017 earnings forecast by 14% but lifted the 2018-19 earnings forecast by 19%-36%. The target price is lifted from $8 to $12.5.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2017-09-25 16:25.)



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