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<Research>Citi Rates GAC GROUP (02238.HK) at Neutral, Adds TP to $3.8
GAC GROUP (02238.HK) announced its preliminary results for 2025, expecting a net loss attributable to shareholders between RMB8-9 billion, primarily due to higher asset impairments...
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<Research>Citi Rates GAC GROUP (02238.HK) at Neutral, Adds TP to $3.8
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STOCK INFO

GAC GROUP (02238.HK)  -0.050 (-1.326%)    Short selling $7.65M; Ratio 15.391%   announced its preliminary results for 2025, expecting a net loss attributable to shareholders between RMB8-9 billion, primarily due to higher asset impairments and a decline in investment income from joint ventures, Citi Research issued a research report saying.

Considering the actual sales performance in 2025 and the broker's more conservative industry outlook for 2026, Citi Research lowered its 2025-2027 forecasts for GAC GROUP to losses of RMB8.56/ 4.94/ 2.07 billion.

Taking into account advancements in robotics technology and its partnership with Huawei, the broker added its target price for GAC GROUP's H-shares from $3 to $3.8, and kept rating at Neutral.

Citi Research also lifted its target price for GAC GROUP's A-shares from RMB7.2 to RMB8.1, and upgraded it from Sell to Neutral. The broker believed that, after an 11% decline in A-share price over the past year, the risk-reward now appears neutral.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-02-26 16:25.)

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