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Great Wall: UBS's bid to buy a rating rose to HK $5.4

Source: Internet
Author: User
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China's demand for cars has regained growth but is changing, says Banriban. The medium-term performance of small cars can be won in the middle of the mainland, as car demand is catching up along the coast and the government supports auto consumption, local brand development and industry consolidation, resulting in a shift in product mix and lower prices.　　Demand for cars is strong, but manufacturers are not growing at the same pace. The Great Wall motor <02333.HK> target price rose from HK $4.2 to HK $5.4, with a bullish product and geo positioning to maintain "buy".

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