- SAIC Motor reported March vehicle sales of 381,391 units.
- This is an increase of 8.4% compared to the same period last year, when they sold 351,803 units.
- However, their year-to-date vehicle sales stand at 834,153 units, which is a decrease of 6.4% from the previous year.
- The company also reported New Energy Vehicle (NEV) sales of 84,816 units.
- Earlier, the company had mentioned in a WeChat post on April 1 that their March NEV sales reached 85,000 units.
- According to the company’s original disclosures, there are 18 buys, 5 holds, and 3 sells.
A look at SAIC Motor Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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
SAIC Motor Corporation Ltd. is set to have a positive long-term outlook, according to the Smartkarma Smart Scores. The company has received high scores in several key factors, including value, dividend, and momentum. These scores indicate that SAIC Motor is performing well in terms of its financials, profitability, and growth potential.
SAIC Motor, a leading automobile manufacturer, has a strong presence in the market through its joint ventures. The company not only produces vehicles but also sells related parts and accessories. With a focus on value and growth, SAIC Motor is expected to continue expanding its market share and delivering solid returns for its shareholders in the long run.
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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