Earnings Alerts

Guangzhou Automobile Group (2238) Earnings: March Vehicle Sales Drop by 23%, NEV Sales Down by 24% Y/Y

  • Guangzhou Auto reported March vehicle sales of 179,327 units.
  • This figure represents a decrease of 23% compared to the same period last year.
  • The company’s NEV (New Energy Vehicles) sales also dropped by 24% year on year, with 33,604 units sold.
  • There are currently 18 buy ratings, 6 hold ratings, and 1 sell rating for Guangzhou Auto’s stock.
  • All comparisons are made with the company’s previously disclosed results.

Guangzhou Automobile Group on Smartkarma

Guangzhou Automobile Group, a Chinese automobile company, has been receiving coverage from top independent analysts on Smartkarma, an independent investment research network. According to Travis Lundy‘s recent report, the A/H Premium Tracker, which tracks the performance of H/A pairs, showed that large cap and liquid Hs in H/A pairs underperformed their As by 60 basis points, mainly due to Friday’s gaming news. However, narrow premia saw Hs outperforming As significantly. Lundy suggests that it is still a good time to go long on Hs vs As for the new year at a 52-week wide discount.

In another report by Lundy, the A/H Premium Tracker showed that there has been volatility off and jumpy spreads in the A/H pairs. However, the Quiddity A/H Premium Monitor, which tracks the performance of A/H pairs, had a strong 13th week, with a +3.8% performance for the past three months. Lundy also mentioned that southbound flows have been chasing performance. Additionally, the report noted that short sales now require 100% in the account for hedge funds, and there have been claims of short-selling or talking bearishly on stocks for political reasons by the MSS.


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, a leading automotive company, has received high scores across various factors according to Smartkarma’s Smart Scores. The company has been awarded a 5 out of 5 for both its value and dividend, indicating a strong financial performance and potential for returns for investors. In addition, it has received a 4 out of 5 for both growth and resilience, highlighting its ability to adapt and grow in the ever-changing automotive industry. With a momentum score of 4, the company is also showing positive signs of growth and potential for future success.

Based on the company’s description, Guangzhou Automobile Group is a well-established player in the automotive industry, with a diverse portfolio that includes manufacturing, selling, and servicing automobiles, as well as providing auto finance and related services. With its strong financial performance, potential for growth, and ability to withstand market challenges, the company is positioned for long-term success. Investors can have confidence in Guangzhou Automobile Group‘s future outlook, supported by its high Smart Scores across various factors.


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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