GWM's Strong Long-Term Growth Outlook Intact Despite Weak 3Q; Maintaining FVE at HKD 14
Nine-month results from no-moat Great Wall Motors surprised to the downside, with the net income decline widening to 60% year on year (versus 51% for the first half) on the back of virtually flat top-line growth. Sales and marketing expense and research and development costs ran ahead of our expectations, while the rollout of the redesigned best-selling Haval H6 models and the introduction of the midrange Wey SUVs have not yet translated into margin recovery. We have trimmed our full-year net in...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.