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<Research>UBS Reduces 2025-26 Earnings Forecasts for GWMOTOR, Cuts TP to $17
Recommend 11 Positive 21 Negative 8 |
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According to a report from UBS, GWMOTOR (02333.HK)'s 1Q25 net profit sank by 46% YoY, or 23% QoQ, in 1Q25, reaching only about 13% of the full-year profit as expected by the market. This weaker-than-expected performance was attributable to the fact that 1Q was the gap of the company's product switching and upgrade cycle. Factoring in the challenges of intensifying price competition GWMOTOR is currently facing, UBS lowered its 2025-26 earnings forecasts for the company by 15%/ 18% and sales forecasts by 7%/ 12%. It also cut its target price from $19 to $17, while keeping the Buy rating unchanged. AAStocks Financial News |
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