600104.SS - SAIC Motor Corporation Limited

Shanghai - Shanghai Delayed Price. Currency in CNY
34.62
+0.50 (+1.47%)
At close: 3:00PM CST
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Previous Close34.12
Open34.33
Bid34.61 x 0
Ask34.62 x 0
Day's Range34.11 - 34.96
52 Week Range28.43 - 37.66
Volume13,772,042
Avg. Volume18,508,940
Market Cap395.894B
BetaN/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateApr 27, 2018 - May 2, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est36.04
  • Reuters13 days ago

    What is China's A-share MSCI inclusion?

    Global market research and index company MSCI Inc said on Tuesday it would add 234 China-listed shares to its emerging market benchmark in a two-step process in June and September, a move expected to drive a surge of foreign inflows into the country's stock markets. While some foreign investors are still haunted by memories of China's 2015 stock market crash and concerns about Sino-U.S. trade frictions, a deeper fear of missing out is widely expected to boost overseas investments in mainland stocks. MSCI's decision last June to include yuan-denominated Chinese stocks, known as "A-shares", into its emerging market (EM) index triggered a rally in Chinese blue-chips in 2017, though the market has corrected this year amid fears that a trade war will undermine the world's second-largest economy.

  • Reuters13 days ago

    Tencent gets self-driving car test licence from China's Shenzhen city - report

    China's southern city of Shenzhen gave the green light to tech giant Tencent Holdings to test its self-driving car on some public roads as the country seeks to bolster its position in the global race for autonomous vehicle technology. Tencent obtained a licence plate for its self-driving car from the Shenzhen Transport Bureau, state news agency Xinhua said on Monday. It follows Beijing move in April to issue national guidelines for testing self-driving cars, which was reported by the China Daily newspaper.

  • Reuters20 days ago

    BRIEF-SAIC Motor Sells More Vehicles In April, Jan-April

    May 7 (Reuters) - SAIC Motor Corp Ltd: * SAYS IT SOLD 569,110 VEHICLES IN APRIL VERSUS 501,337 VEHICLES YEAR AGO * SAYS IT SOLD 2,391,530 VEHICLES IN JAN-APRIL, UP 10.9 PERCENT Y/Y Source text in Chinese: ...

  • Reuters25 days ago

    BRIEF-ArcherMind Technology Signs Strategic Cooperation Agreement With Saic Motor And Alibaba's JV

    May 2 (Reuters) - ArcherMind Technology Nanjing Co Ltd : * SAYS IT SIGNS STRATEGIC AGREEMENT WITH SAIC MOTOR AND ALIBABA'S JV ON COOPERATION IN INTELLIGENT AUTO MARKET Source text in Chinese: https://bit.ly/2w0oSAQ ...

  • Reuterslast month

    BRIEF-SAIC Motor Says Q1 Net Profit Up 17.5 Percent Y/Y

    April 27 (Reuters) - SAIC Motor Corp Ltd: * SAYS Q1 NET PROFIT UP 17.5 PERCENT Y/Y Source text in Chinese: https://bit.ly/2vVKTRy Further company coverage: (Reporting by Hong Kong newsroom)

  • Reuterslast month

    EXPLAINER-What is China's A-share MSCI inclusion?

    Global market research and index company MSCI Inc will add around 230 China-listed shares to its emerging market benchmark in a two-step process in June and September, a move expected to unleash a surge of foreign inflows into the country's stock markets. While some foreign investors are still haunted by memories of China's 2015 stock market crash and concerns about Sino-U.S. trade frictions, a deeper fear of missing out is widely expected to boost overseas investments in mainland stocks. MSCI's decision last June to include yuan-denominated Chinese stocks, known as "A-shares", into its emerging market (EM) index triggered a rally in Chinese blue-chips in 2017, though the market has corrected this year amid fears that a trade war will add to risks for the world's second-largest economy.

  • GM results dented by pickup truck changeover
    Reuterslast month

    GM results dented by pickup truck changeover

    General Motors Co (GM.N) on Thursday reported better-than-expected first-quarter earnings despite a drop in production of high-margin pickup trucks as it gears up for new models, but investors disappointed by the automaker's lower pre-tax profit sent its shares down more than 2 percent. Like rivals Ford Motor Co (F.N) and Fiat Chrysler Automobiles NV (FCHA.MI), GM is banking on highly profitable pickup trucks to boost margins, as U.S. consumers abandon traditional passenger cars in favour of larger, more comfortable trucks, SUVs and crossovers. "We believe the stock will be under pressure today given," GM's lower pre-tax profit and a "significant cash burn" during the first quarter," Buckingham Research Group analyst Joseph Amaturo wrote in a client note.

  • GM's South Korean union accepts wage deal
    Reuterslast month

    GM's South Korean union accepts wage deal

    SEOUL (Reuters) - Unionised workers at General Motors Co's (GM.N) South Korean unit voted to approve a tentative wage deal agreed with the automaker, the union said on Thursday. On Monday, the Detroit ...

  • Reuterslast month

    GM Korea drops bankruptcy vote plan after last-minute wage deal

    General Motors Co's (GM) (GM.N) South Korean unit dropped a plan to consider filing for bankruptcy after winning concessions on pay, bonuses and benefits from its labour union in a tentative deal reached on Monday. The deal will pave the way for nearly $500 million (350 million pounds) in fresh capital injection by the South Korean government, providing much-needed liquidity to GM Korea to pay employees and its suppliers, but slumping vehicle sales and low factory run-rates raise questions about its longer-term future. The concessions by GM Korea's powerful auto union are expected to heap pressure on other auto unions for similar moves, at a time when South Korea's auto industry is grappling with higher labour costs and sluggish demand from the United States and other markets.

  • Reuterslast month

    China to open auto market as trade tensions simmer

    BEIJING/SHANGHAI (Reuters) - China will scrap a limit on foreign ownership of automotive ventures by 2022 in a major policy shift to open up the world's biggest car market, even as trade tensions simmer between Washington and Beijing. In a move welcomed by Germany's powerful car industry, China's state planner said on Tuesday it would remove foreign ownership caps for companies making fully electric and plug-in hybrid vehicles in 2018, for makers of commercial vehicles in 2020, and the wider car market by 2022. China imposed ownership restrictions in 1994, limiting foreign carmakers to owning no more than a 50 percent share of any local venture.

  • Reuterslast month

    Exclusive - South Korea's KDB, GM Korea may sign preliminary funding deal by April 27

    Korea Development Bank (KDB) may sign a preliminary agreement by April 27 to financially support General Motors Co's (GM.N) troubled South Korean unit, provided interim due-diligence on the unit is satisfactory, the chairman of the lender said. This is the first time KDB has offered a time-frame for a decision on whether to financially back GM Korea, in which the state-run lender has a 17 percent stake. GM proposed in February an investment of $2.8 billion (£1.95 billion) into its money-losing South Korean operations over 10 years, days after announcing a sweeping restructuring.

  • GM sticks to April 20 deadline for Korea restructuring, unit logs $1 billion loss
    Reuterslast month

    GM sticks to April 20 deadline for Korea restructuring, unit logs $1 billion loss

    DETROIT/SEOUL (Reuters) - General Motors Co's (GM.N) president said common ground must be reached on a long-term financial restructuring of GM's South Korean auto unit by next Friday and if there was none, the operation would likely seek bankruptcy protection. GM shocked South Korea in February with plans to close one local plant and leaving the fate of three others unclear. "Our preferred path remains to find a successful outcome here," GM President Dan Ammann told Reuters in an interview.

  • GM President - GM Korea restructuring talks have April 20 deadline
    Reuterslast month

    GM President - GM Korea restructuring talks have April 20 deadline

    General Motors Co's (GM.N) president said on Thursday that April 20 is a hard deadline to reach an agreement on a long-term financial restructuring of GM's South Korean auto unit, after which the operation would likely seek bankruptcy protection. "Our preferred path remains to find a successful outcome here," GM President Dan Ammann told Reuters in an interview. Ammann, who oversees GM's operations worldwide, reaffirmed what other GM officials told South Korean union leaders in late March.

  • Reuters2 months ago

    China regulator approves battery giant CATL's $2 bln IPO - Xinhua

    China's securities regulator has approved the 13.1 billion yuan ($1.97 billion) initial public offering of Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL), the official Xinhua news agency said on Thursday. The China Securities Regulatory Commission (CSRC) approved the IPO at a meeting on Wednesday, Xinhua said, citing a statement on the CSRC website.

  • Reuters2 months ago

    China Stocks-Factors to watch on Wednesday

    * PREVIOUS TRADING SESSION MOVES: * SSEC -0.8 pct, CSI300 -0.6 pct, HSI +0.3 pct * HK- Shanghai Connect daily quota used 18.9 pct * HK- Shenzhen Connect daily quota used 4.3 pct * CNY official close ...

  • Reuters2 months ago

    BRIEF-SAIC Motor's Vehicle Sales Up Y/Y In March, January-March

    April 3 (Reuters) - SAIC Motor Corp Ltd: * SAYS IT SOLD 649,511 VEHICLES IN MARCH, UP FROM 604,551 VEHICLES YEAR AGO * SAYS JAN-MARCH VEHICLES SALES UP 10.06 PERCENT Y/Y Source text in Chinese: https://bit.ly/2GtZNmH ...

  • Reuters2 months ago

    BRIEF-SAIC Motor Says 2017 Net Profit Up 7.5 Percent Y/Y

    March 29 (Reuters) - SAIC Motor Corp Ltd: * SAYS 2017 NET PROFIT UP 7.5 PERCENT Y/Y Source text in Chinese: https://bit.ly/2Ggv7oU Further company coverage: (Reporting by Hong Kong newsroom)

  • Reuters2 months ago

    Cadillac, Lincoln launch SUVs in New York with an eye on China sales

    Luxury U.S. automaker brands Cadillac and Lincoln both unveiled SUV models this week at the New York auto show to meet rising American demand, but also are keeping one eye on a growing Chinese appetite for the same vehicles, executives said. Cadillac, General Motors Co's luxury division, unveiled the XT4, a sport crossover, at the New York auto show on Tuesday. Johan de Nysschen, who heads up the division, told Reuters on Wednesday that Cadillac is still in discussions with its Chinese joint venture partner SAIC Motor Corp on rolling out the XT4 in that market, but he is optimistic that it will happen.

  • Reuters2 months ago

    China Stocks-Factors to watch on Wednesday

    * PREVIOUS TRADING SESSION MOVES: * SSEC +1.0 pct, CSI300 +0.9 pct, HSI +0.8 pct * HK- Shanghai Connect daily quota used 13.1 pct, Shanghai- HK daily quota used 6.8 pct * Shenzhen- HK daily quota ...

  • Reuters2 months ago

    BRIEF-Shanghai Exchange Filing Shows Block Trade Of SAIC Motor's Shares Involving 1.09 Bln Yuan

    March 27 (Reuters) - Shanghai Stock Exchange : * FILING SHOWS BLOCK TRADE OF SAIC MOTOR'S 32.58 MILLION SHARES INVOLVING 1.09 BILLION YUAN ($173.58 million) ON MARCH 27 Source text in Chinese: https://bit.ly/2yJZikT ...

  • Reuters3 months ago

    BRIEF-SAIC Motor's Vehicle Sales Up in Feb, Jan-Feb From Year Ago

    March 5 (Reuters) - SAIC Motor Corp Ltd: * SAYS IT SOLD 460,757 VEHICLES IN FEB VERSUS 421,803 VEHICLES YEAR AGO * SAYS IT SOLD 1,172,909 VEHICLES IN JAN-FEB, UP 11.6 PERCENT Y/Y Source text in Chinese: ...

  • Reuters3 months ago

    GM plants to cut 5,000 South Korean jobs, keep production at current level - document

    General Motors' (GM.N) South Korean unit plans to slash 5,000 jobs, or about 30 percent of its workforce, but keep production steady if Seoul agrees to its $2.8 billion (2.03 billion pounds) proposal for the loss-making operation, according to a document seen by Reuters. The U.S. automaker announced last month that it would shut down a factory in Gunsan, southwest of Seoul, and that it was mulling the fate of its three other plants in South Korea. The Detroit automaker, which owns 77 percent of GM Korea, is negotiating with the South Korean government over the restructuring proposal, as state-run Korea Development Bank (KDB) owns a 17 percent stake.

  • Reuters3 months ago

    SAIC, Infineon form JV to make electric car power modules in China

    Chinese car maker SAIC Motor Corp Ltd and German chipmaker Infineon Technologies AG agreed to set up a joint venture to make power modules for the Chinese electric vehicle market, the companies said on Friday. The joint venture, to be named SAIC Infineon Automotive Power Modules and headquartered in Shanghai, will make the power modules at Infineon's plant in Wuxi, China, they said. SAIC Motor will hold a 51 percent stake in the joint venture, while Infineon will own the rest.

  • SAIC, Infineon form JV to make electric car power modules in China
    Reuters3 months ago

    SAIC, Infineon form JV to make electric car power modules in China

    Chinese car maker SAIC Motor Corp Ltd and German chipmaker Infineon Technologies AG agreed to set up a joint venture to make power modules for the Chinese electric vehicle market, the companies said on Friday. The joint venture, to be named SAIC Infineon Automotive Power Modules and headquartered in Shanghai, will make the power modules at Infineon's plant in Wuxi, China, they said. SAIC Motor will hold a 51 percent stake in the joint venture, while Infineon will own the rest.

  • Infineon Launches Chip Venture With Chinese Car Giant SAIC
    Bloomberg3 months ago

    Infineon Launches Chip Venture With Chinese Car Giant SAIC

    German chipmaker Infineon Technologies AG is teaming up with SAIC Motor Corp Ltd., China’s largest automaker by sales volume, to benefit from the quickly growing demand for electric cars in the country....