Earnings Alerts

Guangzhou Automobile Group (2238) Earnings: July NEV Sales Plunge by 32% Y/Y

  • In July 2024, Guangzhou Auto sold 33,880 New Energy Vehicles (NEVs).
  • This represents a 32% decrease compared to NEV sales in July 2023.
  • Total vehicle sales for Guangzhou Auto in July 2024 were 141,196 units.
  • This marks a 25% decrease in total vehicle sales year-over-year.
  • Investor recommendations are currently:
    • 15 analysts suggest buying the stock.
    • 8 analysts suggest holding the stock.
    • 1 analyst recommends selling the stock.

Guangzhou Automobile Group on Smartkarma

Analyst coverage of Guangzhou Automobile Group on Smartkarma has been positive recently, with top independent analysts like Ming Lu and Travis Lundy offering bullish insights. Ming Lu‘s report on China Consumption Weekly highlights key events in the consumer sector, mentioning positive developments for companies like GAC Honda Automobile Ltd. Despite challenges such as planned employee dismissals at GAC, the overall sentiment remains optimistic, particularly regarding GMV growth for companies like Kuaishou and Bilibili during special sales events.

Additionally, Travis Lundy‘s analysis in the A/H Premium Tracker report indicates a rebound in favorable trades, especially related to A/H premia. The report details the significant performance gains in the Quiddity Portfolio and suggests a potential correction in A/H premia levels. With a focus on tracking premium positioning and buying trends, the research provides valuable insights for investors interested in the dynamics of the A/H market and its impact on companies like Guangzhou Automobile Group.


A look at Guangzhou Automobile Group Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE4.4

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

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Based on the Smartkarma Smart Scores, Guangzhou Automobile Group Company has received high ratings across key factors including Value and Dividend, both scoring the maximum of 5. This indicates that the company is considered to be of excellent value with strong dividend potential, making it an attractive investment option for long-term investors seeking stable returns.

Moreover, with above-average scores in Growth, Resilience, and Momentum, Guangzhou Automobile Group shows promise for future expansion and sustainability in the market. These scores suggest that the company is well-positioned to capitalize on growth opportunities while maintaining its resilience and building positive momentum within the industry. Overall, Guangzhou Automobile Group‘s strong performance across these factors bodes well for its long-term outlook in the automotive market.

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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.
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