M Stanley Increases DONGFENG GROUP (00489.HK) Price Target to $11.24; Maintains Overweight Rating
Revenue Forecast Increase: Morgan Stanley raised its FY2025 revenue forecast for DONGFENG GROUP by 15%, anticipating sales volume of 150,000 units and a 7% increase in average selling price.
Target Price Adjustment: The broker increased its target price for DONGFENG GROUP from $10.65 to $11.24, maintaining an Overweight rating based on positive sales trends and management guidance.
Model Upgrades and Sales Growth: Management plans to upgrade most existing models in 2025, supporting the sales target and aiming for 50-80% year-over-year sales growth in 2026 with new SUV launches.
Short Selling Data: As of October 22, 2025, short selling amounted to $2.43 million with a ratio of 2.796%, indicating market sentiment towards the stock.
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DONGFENG GROUP's VOYAH AUTO Set for Listing by Introduction; M Stanley Predicts 2025 Revenue Will Meet Expectations
Morgan Stanley Report: Morgan Stanley released a report on VOYAH AUTO, a subsidiary of DONGFENG GROUP, highlighting its upcoming listing on the Hong Kong Stock Exchange and projecting a total revenue of RMB34.9 billion for 2025.
Stock Performance: The report noted a short selling amount of $23.62 million for VOYAH, with a short selling ratio of 13.584%, indicating market sentiment towards the stock.
DONGFENG GROUP Outlook: DONGFENG GROUP's stock price is expected to be influenced by factors such as capital flows, index inclusion eligibility, and Southbound Trading, alongside a more streamlined stock price structure.
Rating and Target Price: Morgan Stanley assigned an Overweight rating to DONGFENG GROUP, setting a target price of HKD11.24 for the stock.
All Conditions for DONGFENG GROUP's Privatization and Voyah Spin-off Listing Have Been Satisfied
Privatization Progress: Dongfeng Group and Dongfeng Motor Group have announced that all preconditions for the privatization of DONGFENG GROUP shares through a merger and the spin-off of Voyah for listing have been met, moving the transaction to the final execution stage.
Regulatory Approvals: Voyah has completed the necessary filings with the China Securities Regulatory Commission and received approval-in-principle from the Hong Kong Stock Exchange, alongside prior approvals from other regulatory bodies, confirming that all merger preconditions are satisfied.
DONGFENG GROUP Makes Significant Strides in Privatization; VOYAH's Hong Kong Listing Submitted to CSRC
Privatization and Spin-off Progress: Dongfeng Group has made significant progress in the privatization and spin-off of its high-end new energy vehicle brand, VOYAH, for a listing in Hong Kong.
Pre-Conditions Status: Three major pre-conditions for the merger have been established, with two already fulfilled and the third partially completed, pending final approvals from the Hong Kong Stock Exchange.
HSI Closes Up 239 Points; BABA-W Jumps Over 3%; DONGFENG GROUP Soars Approximately 7%
Market Performance: The HSI rose by 239 points (0.9%) to close at 26,848, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD315.192 billion.
Technology Sector Highlights: Notable gains were seen in BABA-W (+3.6%) and ALI HEALTH (+2.8%), while some AI stocks like SENSETIME-W and WEIMOB INC experienced declines of 4.9% and 4.5%, respectively.
Chip Stocks Movement: Chip stocks faced losses, with BIREN TECH and ILUVATAR COREX dropping 7.7% and 8.9%, while ASMPT and COWELL saw gains of 3.6% and 8.1%.
Automotive Sector Developments: Supported by a new tariff deal between China and the EU, BYD COMPANY and other car manufacturers like GWMOTOR and XPENG-W saw increases, while XIAOMI-W declined by 2%.
BYD Shares Increase 4% as Auto Manufacturers Surge Following CN-EU Agreement on EV Tariffs
EU-China Tariff Agreement: The European Union has reached a consensus with China regarding tariffs on electric vehicles, requiring Chinese exporters to submit price commitment letters before entering the EU market.
Auto Stocks Performance: Following the tariff announcement, several Chinese carmakers, including BYD, CHERY, and GEELY, saw significant stock price increases, with BYD rising by nearly 4% and other brands also experiencing gains.
CATL Enters into 10-Year Enhanced Partnership Agreement with Voyah Auto
Cooperation Agreement: CATL has signed a ten-year cooperation agreement with DONGFENG GROUP's Voyah Auto, focusing on new technology, product supply, brand collaboration, and global market efforts.
Electric Mobility Focus: The partnership aims to enhance electric mobility experiences by providing safer, more efficient, and longer-range vehicles, while also promoting high-end, intelligent, and global development in the new energy vehicle industry.
DONGFENG GROUP's VOYAH AUTO Set for Listing by Introduction; M Stanley Predicts 2025 Revenue Will Meet Expectations
Morgan Stanley Report: Morgan Stanley released a report on VOYAH AUTO, a subsidiary of DONGFENG GROUP, highlighting its upcoming listing on the Hong Kong Stock Exchange and projecting a total revenue of RMB34.9 billion for 2025.
Stock Performance: The report noted a short selling amount of $23.62 million for VOYAH, with a short selling ratio of 13.584%, indicating market sentiment towards the stock.
DONGFENG GROUP Outlook: DONGFENG GROUP's stock price is expected to be influenced by factors such as capital flows, index inclusion eligibility, and Southbound Trading, alongside a more streamlined stock price structure.
Rating and Target Price: Morgan Stanley assigned an Overweight rating to DONGFENG GROUP, setting a target price of HKD11.24 for the stock.
All Conditions for DONGFENG GROUP's Privatization and Voyah Spin-off Listing Have Been Satisfied
Privatization Progress: Dongfeng Group and Dongfeng Motor Group have announced that all preconditions for the privatization of DONGFENG GROUP shares through a merger and the spin-off of Voyah for listing have been met, moving the transaction to the final execution stage.
Regulatory Approvals: Voyah has completed the necessary filings with the China Securities Regulatory Commission and received approval-in-principle from the Hong Kong Stock Exchange, alongside prior approvals from other regulatory bodies, confirming that all merger preconditions are satisfied.
DONGFENG GROUP Makes Significant Strides in Privatization; VOYAH's Hong Kong Listing Submitted to CSRC
Privatization and Spin-off Progress: Dongfeng Group has made significant progress in the privatization and spin-off of its high-end new energy vehicle brand, VOYAH, for a listing in Hong Kong.
Pre-Conditions Status: Three major pre-conditions for the merger have been established, with two already fulfilled and the third partially completed, pending final approvals from the Hong Kong Stock Exchange.
HSI Closes Up 239 Points; BABA-W Jumps Over 3%; DONGFENG GROUP Soars Approximately 7%
Market Performance: The HSI rose by 239 points (0.9%) to close at 26,848, with the HSCEI and HSTECH also showing gains, while total market turnover reached HKD315.192 billion.
Technology Sector Highlights: Notable gains were seen in BABA-W (+3.6%) and ALI HEALTH (+2.8%), while some AI stocks like SENSETIME-W and WEIMOB INC experienced declines of 4.9% and 4.5%, respectively.
Chip Stocks Movement: Chip stocks faced losses, with BIREN TECH and ILUVATAR COREX dropping 7.7% and 8.9%, while ASMPT and COWELL saw gains of 3.6% and 8.1%.
Automotive Sector Developments: Supported by a new tariff deal between China and the EU, BYD COMPANY and other car manufacturers like GWMOTOR and XPENG-W saw increases, while XIAOMI-W declined by 2%.
BYD Shares Increase 4% as Auto Manufacturers Surge Following CN-EU Agreement on EV Tariffs
EU-China Tariff Agreement: The European Union has reached a consensus with China regarding tariffs on electric vehicles, requiring Chinese exporters to submit price commitment letters before entering the EU market.
Auto Stocks Performance: Following the tariff announcement, several Chinese carmakers, including BYD, CHERY, and GEELY, saw significant stock price increases, with BYD rising by nearly 4% and other brands also experiencing gains.
CATL Enters into 10-Year Enhanced Partnership Agreement with Voyah Auto
Cooperation Agreement: CATL has signed a ten-year cooperation agreement with DONGFENG GROUP's Voyah Auto, focusing on new technology, product supply, brand collaboration, and global market efforts.
Electric Mobility Focus: The partnership aims to enhance electric mobility experiences by providing safer, more efficient, and longer-range vehicles, while also promoting high-end, intelligent, and global development in the new energy vehicle industry.
