BUZZ-Wuling Motors hits nearly 4-month high on robust profit outlook

Reuters

03-06

BUZZ-Wuling Motors hits nearly 4-month high on robust profit outlook

** Wuling Motors 0305.HK jumps 10.9% to HK$0.51, highest since November 12, 2024

** Stock set for biggest one-day pct gain since October 2, 2024

** Chinese new energy vehicles manufacturer expects to report 79% y/y jump in 2024 profit attributable, helped by compensation rebate related to supply of EV components, increase in government grants income

** Says unfavourable market condition led to total rev drop in 2024

** YTD, stock gains ~21%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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