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| HSI1 | 22,671.86 | -405.05 | 342.10B |
| HSCEI1 | 7,460.84 | -147.54 | 100.47B |
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2026-06-24 11:57:37 During last week’s Dragon Boat Festival holiday, China’s auto orders rebounded, but demand was still expected to subside YoY, CLSA said in a research report. Boosted by new model launches from BYD COMPANY (01211.HK) and strong domestic performance of GEELY AUTO (00175.HK), orders for leading brands ascended 34% WoW, while mass-market brands mounted 51%. On the policy front, the broker believed the Ministry of Commerce’s new measures to support auto consumption focus on the after-sales market, aiming to facilitate future value chain extension and enhance user experience. This differs from last year’s direct subsidy program and was projected to have limited impact on galvanizing short-term demand. The broker assigned BYD COMPANY and GEELY AUTO a High-Conviction Outperform rating, with TPs at HKD130 and HKD30 respectively. LEAPMOTOR (09863.HK) was given an Outperform rating with a TP of HKD60. ~ AASTOCKS Financial News Website: www.aastocks.com | |