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lickharpy
2021-07-23

Great Wall Motor shares hit record high as Morgan Stanley upgrades

** Hong Kong shares of Chinese automaker Great Wall Motor Co Ltd jump 8.9% to HK$34.40, its highest

Great Wall Motor shares hit record high as Morgan Stanley upgrades

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Industry Index&nbsp;and the Hang Seng Composite Index fall 1.4%</p>\n<p>** The Hang Seng China Enterprises Index eases 1.3%and the benchmark index slides 1.2%</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTLW":"Morgan Stanley","MS":"摩根士丹利","02333":"长城汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2153893607","content_text":"** Hong Kong shares of Chinese automaker Great Wall Motor Co Ltd jump 8.9% to HK$34.40, its highest since listing in December 2003\n** Stock up 22.5% so far this week, heading for its best weekly gain since September 2018\n** Stock is the biggest percentage gainer in the Hang Seng Composite Index , and the fifth most actively traded by turnover\n** Shanghai shares surge 7.8% to an all-time high at 54.99 yuan\n** Morgan Stanley upgrades Hong Kong stock of Great Wall Motor to \"overweight\" from \"equal weight\" and lifts PT to HK$45 from HK$25, on improving outlook from preliminary 2Q21 results\n** It also upgrades the Shanghai stock to \"equal weight\" from \"underweight\" and lifts PT to 45 yuan from 25 yuan\n** Morgan Stanley says it shifts toward a more positive stance regarding to Great Wall Motor's longer-term growth outlook and profitability potential\n** Citi maintains \"neutral\" on the stock but lifts TP to HK$32.3 from HK$28, saying 2Q21 earnings beat consensus while downside risk on chips supply and raw material prices hike still exist in near term\n** Both the Hong Kong Hang Seng Commerce & Industry Index and the Hang Seng Composite Index fall 1.4%\n** The Hang Seng China Enterprises Index eases 1.3%and the benchmark index slides 1.2%","news_type":1},"isVote":1,"tweetType":1,"viewCount":232,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}