0900 GMT - Great Wall Motor's strong sales are likely to continue through December, Citi analysts write in a note. The high deliveries in November were driven by strong domestic demand ahead of the expiration of the government's trade-in policy at the end of the year, they say. The company's management expects December domestic sales to remain robust as consumers rush to take advantage of the subsidies, Citi adds. While December may be a seasonal low for exports due to global holidays, the Middle East market is expected to maintain normal sales activities. Citi maintains buy rating on the stock. Shares last traded at HK$12.90.(jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
December 02, 2024 04:00 ET (09:00 GMT)
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