Report
Ivan Su
EUR 100.00 For Business Accounts Only

After Fresh Look at Great Wall, We Are Lowering our FVE to HKD 6.30; Shares Offer Upside

After transferring coverage of Great Wall Motor to a new analyst, we are lowering our fair value estimate to HKD 6.30 per share from HKD 6.60. While we removed the company from our Best Ideas list, shares of Great Wall still look attractive based on expected cash flows. We maintain our no-moat, negative trend, and high uncertainty ratings. We have lowered our stewardship rating to Standard to reflect the absence of evidence management has made exceptionally strong or poor capital allocation deci...
Underlying
Great Wall Motor Co. Ltd. Class H

Provider
Morningstar
Morningstar

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.

Analysts
Ivan Su

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