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Deutsche Bank has downgraded Dongfeng Motor's stock rating from Buy to Hold, setting a new price target of HK$4.70, up from HK$4.00. The company reported a net profit of Rmb58 million for 2024, a significant recovery from a Rmb3.89 billion loss in 2023, driven by a 38.2% increase in gross profit. Despite the downgrade, the raised price target reflects positive developments in profitability and margin improvements across its operations.
Huawei is poised to announce a revenue of 860 billion yuan ($118 billion) for 2024, nearing its 2020 peak, as it rebounds from U.S. sanctions through a focus on software, chip development, and smart-driving technology. The company has shifted into new business areas, including 5G infrastructure and autonomous driving, while its consumer business is reportedly growing again. Despite challenges in regaining its former Western market position, Huawei aims to expand its international presence and integrate AI into its services.
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deutsche bank downgrades dongfeng motor stock rating to hold with price target increase
11:20 28.03.2025
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