Morgan Stanley raised target price 5 growth steam 8%

(02333), was suddenly singled out by Morgan Stanley, the target price rose sharply from 49% to 13 yuan, to stimulate the stock soared 8%, for the June 12, after the largest increase in short positions , And drive the overall auto stocks up.

Optimistic about the development of SUV holding up holding 13 yuan

According to the report, the SUV (sport utility vehicle) will be the main driver of the passenger car market. Chang steam will benefit from the SUV faucet and will respond positively to the long-term SUV market, WEY “brand can improve its sales growth and profitability in the long term, so the rating from” neutral “raised to” overweight “, the target price from 8.7 yuan raised to 13 yuan.

The bank believes that in the consumer behavior changes, more effective market positioning and design, Chang steam into the high-end SUV market has a stable growth prospects, it is estimated that the local SUV sales in the 2016 to 2020 compound annual growth rate will reach 16% In 2020 accounted for more than 50% of the mainland SUV market.

North water positions rose to 23%

It is worth noting that Changqing H shares short positions are gradually reduced, the market is expected to short mainly by foreign holdings, but the North River sweep goods and retail with the buy, forced short positions. According to the central settlement registration shows that the North in the large-scale purchase of goods, the position rose to 23.12%, ranking first; followed by the retail-based HSBC, positions also increased to 23.07%.

(01114), Beijing Automotive (01958) and Guangzhou Automobile Group (02238) were up 5.6%, 4.6% and 2.8%, respectively, to 15.1 yuan, 7.97 yuan, respectively. Yuan and 15.66 yuan, which Brilliance and Guangzhou Automobile hit 52-week high.

Geely sales increased by 9% in half a year

Depot also continue to produce strong sales results. Geely Automobile (00175) released sales data for June, with sales of 88,773 units, up 91% year-on-year and 16% month-on-month. Total sales in the first half of this year were 530,627 units, up 89% year-on-year and 1 million target Of the 53%.

As sales continued to be strong, coupled with the market will launch a new model has a good response, Geely decided to raise the annual sales target of 10% to 1.1 million.