GWM's 2017 Outlook Remains Robust on Redesigned Haval H6 and WEY; FVE Raised to HKD 12
We walked away from no-moat-rated Great Wall Motors, or GWM’s, investor conference reassured about the company’s growth outlook in 2017 and beyond. In our view, the company’s “best bang for the bucks†product development philosophy will help sustain its current market share leadership despite the intensifying competition in the SUV segment, and the introduction of WEY luxury class SUVs. In-house production of core components (namely dual-clutch transmission) presents additional bottom line upsid...
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