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<Research>Citi Drops YONGDA AUTO (03669.HK) TP to $1.65 w/ Rating Buy
The management of YONGDA AUTO (03669.HK) expected its 2026 consolidated gross margin of new car sales to reach over 1%, Citi Research published a research report saying. Of which, ...
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<Research>Citi Drops YONGDA AUTO (03669.HK) TP to $1.65 w/ Rating Buy
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The management of YONGDA AUTO (03669.HK)  -0.010 (-0.847%)    Short selling $1.30M; Ratio 8.641%   expected its 2026 consolidated gross margin of new car sales to reach over 1%, Citi Research published a research report saying. Of which, NEV new car gross profit will increase by more than RMB200 million YoY, while ICE new car gross profit will rise by over RMB100 million YoY.

The broker forecasted the Company's 1Q26/ 2Q26 gross margin to record negative growth, but with sales growth in new energy brands, 2H26 gross margin is estimated to improve QoQ. Therefore, Citi Research dropped its target price from $3.19 to $1.65, with rating at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-13 16:25.)

Related News M Stanley Expects Slower-Than-Expected Earnings Recovery for Mainland Auto Dealers, Cuts Earnings Forecasts and TPs for YONGDA AUTO (03669.HK) and MEIDONG AUTO (01268.HK)

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