|Bid||0.5550 x 1000000|
|Ask||0.5750 x 1000000|
|Day's Range||0.5550 - 0.5600|
|52 Week Range||0.4400 - 0.8000|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||5.50|
|Forward Dividend & Yield||0.04 (6.66%)|
|1y Target Est||N/A|
China's Great Wall Motor on Wednesday said that its joint venture with BMW faced regulatory uncertainties as both companies pledged to proceed with plans for developing a low-cost electric car. The regulatory questions are over whether the joint venture will be able to obtain the required approvals for building a joint factory, Great Wall said in a stock market filing made in response to media reports that the alliance was in trouble. Since February 2018 BMW and Great Wall have worked on plans to build a low-cost electric vehicle on a joint platform which BMW would use for the Mini brand and Great Wall would use for its own brand.
China Passenger Car Association posted China vehicle sales declined 18% YoY in April, where Great Wall Motor reported that vehicle sales growth slowed to 2.5% in April from 16.8% in March. Great Wall Motor confirms a downside breakout, breaking below a bullish trend line. Below key resistance at HK$6.44, downside targets at HK$5.64 and HK$5.30.