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<Research>BofAS Lifts GAC GROUP (02238.HK) TP to $3.6, Keeps Neutral Rating
Recommend 8 Positive 13 Negative 0 |
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BofA Securities released a report raising the target price of GAC GROUP (02238.HK) from HKD3.5 to HKD3.6, maintaining a Neutral rating on its H-shares. GAC GROUP's net loss in 2Q25 reached RMB1.8 billion, missing market expectations. In view of the 2Q25 results, the broker forecast a net loss of RMB500 million for the full year of 2025, and consequently, it lowered the EPS forecasts for 2026 and 2027 by 14% and 9%, respectively. AASTOCKS Financial News Website: www.aastocks.com |
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