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01958 BAIC MOTOR
RTNominal down1.990 -0.010 (-0.500%)
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08/11/2024 15:04

{I-bank focus}HSBC lowers BAIC Motor (01958) to HKD2.25

[ET Net News Agency, 8 November 2024] HSBC Global Research lowered the target price for
BAIC Motor (01958) to HKD2.25 from HKD2.32 and maintained the "hold" rating.
The research house said it lowers net profit estimates by 5% in 2024 and 18% in 2025,
mainly due to lower gross margin outlook on the back of lower economies of scale as the
major earnings driver, Beijing Benz's volume contracted. (rc)

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