Core Viewpoint - UBS reports that Dongfeng Group plans to distribute shares of its high-end electric vehicle business, Lantu, to shareholders and apply for Lantu's H-shares to be listed on the Hong Kong Stock Exchange. Additionally, major shareholder Dongfeng Company intends to privatize the remaining business, after which Dongfeng will withdraw its H-share listing status [1] Summary by Categories - Business Strategy - Dongfeng Group is distributing shares of its high-end electric vehicle business, Lantu, to shareholders [1] - The company is applying for Lantu's H-shares to be listed on the Hong Kong Stock Exchange [1] - Dongfeng Company plans to privatize its remaining business, leading to the withdrawal of its H-share listing status [1] - Valuation and Price Target - UBS has raised Dongfeng's target price from HKD 5.2 to HKD 10.5, reflecting a slight discount to the offer nominal value of HKD 10.85 [1] - The new target price accounts for shareholder approval risks and investor unfamiliarity with the Lantu brand [1] - Rating - UBS maintains a "Neutral" rating on Dongfeng Group [1]
大行评级｜瑞银：因应岚图品牌估值 上调东风集团目标价至10.5港元
Ge Long Hui·2025-09-11 03:00