Earnings Alerts

Guangzhou Automobile Group (2238) Earnings: June Vehicle Sales Drop 31% Y/Y to 163,509 Units

  • Guangzhou Auto sold 163,509 vehicles in June 2024.
  • This represents a 31% decrease compared to June 2023.
  • Sales of New Energy Vehicles (NEVs) totaled 32,474 units.
  • NEV sales declined by 38% year-on-year.
  • There are currently 16 buy ratings, 9 hold ratings, and no sell ratings for the company.

Guangzhou Automobile Group on Smartkarma

Analyst coverage of Guangzhou Automobile Group on Smartkarma by Ming Lu and Travis Lundy showcases a positive sentiment towards the company. Ming Lu‘s report on China Consumption Weekly highlights various updates, including GAC Honda Automobile Ltd’s plan to dismiss employees. On the other hand, Travis Lundy‘s A/H Premium Tracker report discusses the bounce back of “the right trades” and the high AH premia, indicating potential for improvement. Both analysts provide valuable insights for investors interested in 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

Guangzhou Automobile Group Company, Ltd. is positioned for a promising long-term outlook based on the Smartkarma Smart Scores analysis. With top scores in Value and Dividend at 5, the company demonstrates strong fundamentals and shareholder returns. Coupled with impressive scores in Growth, Resilience, and Momentum at 4 each, Guangzhou Automobile Group is well-rounded across key factors indicating a positive trajectory.

Guangzhou Automobile Group Company, Ltd. is a manufacturer, seller, and service provider in the automobile industry. With diversified operations in auto parts, components, and finance services for global markets, the company showcases a robust foundation for sustainable growth and performance. The high Smart Scores across multiple categories position Guangzhou Automobile Group favorably for long-term success in the ever-evolving automotive sector.


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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