M Stanley: Great Wall Motor 1Q26 Results Miss; Rated Equalweight
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Morgan Stanley reported that Great Wall Motor's 1Q26 results fell short of expectations, with a net profit of RMB945 million, down 46% YoY and 23% QoQ. Core earnings dropped 67% YoY to RMB482 million. The firm maintains an Equalweight rating with a target price of HKD15, citing foreign exchange headwinds and short-term volatility as factors affecting the share price.
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