Citi published a research report, adding GWMOTOR (02333.HK) +0.920 (+7.342%) Short selling $97.72M; Ratio 68.523% to its 30-Day Downside Catalyst Watch. The broker attributed this to the high to very-high inventory levels of ICEVs by the end of 2025, predicting a de-stocking cycle for ICEVs in 1Q26. Furthermore, the broker anticipated a 26% YoY shrinkage in domestic retail sales of ICEVs. GWM's export volume in January was 40,300 units, down 30% MoM, underperforming GEELY's 50% MoM growth and BYD's 25% MoM downfall. GWM's 4Q25 results were behind expectations. The broker assigned a Buy rating on GWM with a target price of HKD18.9. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)Related News BOCOM International Raises BYD (01211.HK) TP to HKD138.53, Maintains 'Buy' Rating
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