Earnings Alerts

Great Wall Motor (2333) Earnings: August Vehicle Sales Drop 17% Y/Y as Shares Rise 7.3%

By September 1, 2024 No Comments
  • Great Wall Motor‘s vehicle sales in August 2024 were 94,461 units.
  • This represents a 17% decline compared to the same period last year.
  • Sales of New Energy Vehicles (NEVs) stood at 24,844 units.
  • NEV sales experienced a 5.5% year-over-year decrease.
  • Despite the decline in sales, Great Wall Motor‘s shares increased by 7.3%.
  • The share price rose to HK$11.22 with 34.6 million shares traded.
  • Among analysts, there were 27 buy ratings, 6 hold ratings, and no sell ratings.

Great Wall Motor on Smartkarma



Several research reports on Great Wall Motor by Travis Lundy on Smartkarma provide valuable insights for investors. In a recent analysis titled “A/H Premium Tracker,” Lundy highlights the narrowing AH Premia by about 50bp and the minimal volumes in SB and NB flows. Despite the miserable economic data, SOUTHBOUND continued as a net buyer for the 28th week in a row. Lundy predicts further gains in H-vs-A.

In another report, “RMB Dual Counter Trading Is Coming – This Changes AH Relationships,” Lundy discusses the approval of HK-listed RMB Dual Counter stocks for southbound eligibility, leading to increased cross-border investor flows. The collaboration measures with HK Connect aim to enhance ETF range, mutual fund recognition, and China IPOs in Hong Kong. This development is expected to impact H/A Pairs significantly.




A look at Great Wall Motor Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Great Wall Motor Company Limited’s long-term outlook appears promising based on the Smartkarma Smart Scores. With strong scores of 4 in Value, Dividend, and Growth, the company demonstrates solid fundamentals and potential for future growth. Additionally, with a Momentum score of 5, Great Wall Motor is showing strong positive market momentum, indicating increasing investor interest and confidence in the company’s future prospects.

Although the Resilience score is slightly lower at 3, Great Wall Motor‘s overall outlook remains positive, especially considering its focus on manufacturing and selling pick-up trucks and SUVs in China. By also engaging in research, development, and production of automotive parts, the company shows a diversified approach to its business operations, which could contribute to its long-term success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars