Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Great Wall Motor Slumps on Sales Growth Forecast

Don't Miss Out —
Follow us on:

Jan. 9 (Bloomberg) -- Great Wall Motor Co., China’s biggest sport utility vehicle maker, fell the most in more than two years in Hong Kong trading after it set a sales target that implies slower pace of growth than last year.

The stock plunged 8.5 percent to close at HK$39.35, the biggest drop since October 2011 and the second-worst performer on the MSCI Asia Pacific Index. Baoding, China-based Great Wall’s Shanghai-traded shares fell 3.2 percent to 39.50 yuan.

Great Wall aims to sell 17 percent more vehicles to 880,000 this year, compared with the 21 percent pace recorded last year, according to a posting by Shang Yugui, a spokesman of the company, on his personal Weibo page on Jan. 7.

“This leads to a 5 percent cut of our 2014 and 2015 earnings forecast as well as our price target,” Jack Yeung, an analyst of Morgan Stanley Asia Ltd., said in a report today, cutting the brokerage’s share-price target to HK$62.

To contact the reporters on this story: Billy Chan in Hong Kong at; Zhang Shidong in Shanghai at

To contact the editor responsible for this story: Jan Dahinten at