News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>Citi Lifts DONGFENG GROUP (00489.HK) TP to $6 as Potential Cooperation with XIAOMI, Others Become Catalysts
Citi Research issued a research report lifting its target price for DONGFENG GROUP (00489.HK) from $3.89 to $6, equivalent to a projected 2025 PB ratio of 0.32x, 1 SD above the ave...
Reset
Send
The window will close in 5 seconds
<Research>Citi Lifts DONGFENG GROUP (00489.HK) TP to $6 as Potential Cooperation with XIAOMI, Others Become Catalysts
Close
Recommend
25
Positive
41
Negative
19
 
SHORT SELL
 
STOCK INFO

Citi Research issued a research report lifting its target price for DONGFENG GROUP (00489.HK)  +0.020 (+0.442%)    Short selling $8.40M; Ratio 3.454%   from $3.89 to $6, equivalent to a projected 2025 PB ratio of 0.32x, 1 SD above the average of the past 3 years, with rating at Buy, taking into account the potential partnership with XIAOMI-W (01810.HK)  -0.200 (-0.376%)    Short selling $1.00B; Ratio 12.224%   and dividend catalysts.

The broker raised its 2024-2026 sales forecasts by 4-5% to 1.88 million/ 1.8 million/ 1.76 million units each, based on the 10M24 sales trend.

Related NewsBrokers' Investment Ratings & TPs for XIAOMI-W (Table)
This adjustment to the Company's valuation is mainly due to 3 factors, naming dividend discount, the valuation of DONGFENG GROUP's premium EV brand, Voyah, and the potential partnership with XIAOMI-W, according to Citi Research.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.