Earnings Alerts

SAIC Motor (600104) Earnings Surge with 30% Yearly Increase in March NEV Sales

  • SAIC Motor reported new-energy vehicle (NEV) sales of 85,000 units in March.
  • This represents a 30% year-on-year (y/y) increase compared to 65,243 units sold in the same period last year.
  • The company’s March sales figures show a significant rise in demand for new-energy vehicles.
  • Analysts’ ratings for the company are mixed, with 18 buys, 5 holds, and 3 sells.
  • The figures provided are based on the company’s original disclosures and are not adjusted or estimated.

A look at SAIC Motor Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
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

SAIC Motor, one of the leading automobile manufacturers in China, has been given high ratings on the Smartkarma Smart Scores. This indicates a positive long-term outlook for the company. With a perfect score of 5 in the value category, SAIC Motor is considered to be a financially sound investment. The company also scored a 4 in the dividend category, indicating its ability to provide steady returns to its investors.

In terms of growth, SAIC Motor received a score of 3, suggesting that the company has potential for future expansion and development. Additionally, with a resilience score of 3, the company is deemed to have a stable and sustainable business model. And finally, with a momentum score of 5, SAIC Motor is showing strong performance and upward momentum in the market.

With these high ratings on the Smartkarma Smart Scores, SAIC Motor is proving to be a promising company for long-term investment. As a major player in the Chinese automobile industry, SAIC Motor has a strong track record of manufacturing and marketing high-quality vehicles and related products. Its successful joint ventures have also contributed to its overall success and stability in the market.


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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