GAC Group (2238 HK/601238 CH) - Exports, Customer Mix to Drive Margin Recovery
Maintain BUY. GAC’s 2Q26 net loss widened QoQ on selling expenses and equity income, despite revenue beat. Management raised FY26E export target by...
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Primer: Guangzhou Automobile Group (2238 HK) - Aug 2026
Guangzhou Automobile Group (GAC) is facing a severe profitability crisis, posting its first-ever annual loss since its public listing. The...
90 Views
CX Daily: FAW-GAC Deal Tests a New Path for China’s Auto Consolidation
TOP STORIES Cover Story: FAW-GAC Deal Tests a New Path for China’s Auto Consolidation A long-discussed restructuring between state-owned carmakers...
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Dongfeng Motor (489 HK): DFM’s Attractive Privatisation Offer
The transaction helps unlock the HoldCo discount. The offer is attractive as it values the remaining business at a premium multiple, and the...
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A/H Premium Tracker (To 23 May 2025):Â AH Premia Contract, H Premia Names Perform Best; Batteries!
AH Premia contract again. Interestingly, the best performing tranche of discount was stocks where Hs trade at a premium to As. BYD squeezed. CATL a...
948 Views