摩根士丹利发表报告指， 广汽集团过去一周累计上涨24%，主要来自以下三项近期利好，包括管理层 最新表态将於2026年量产搭载全固态电池的车型；大幅增加对与华为合作品牌Qijing的资讯披露；宣布 与京东开展营销合作。虽然上述三项举措仍需时间放量，对盈利的实质贡献短期内有限，但考虑到最新 业务进展以及广汽今年以来仍保有5.7%的市场份额，该行认为目前估值依然被低估。 该行指出，虽然广汽旗下埃安仍处亏损，但广汽丰田在2025年向新能源转型的策略已显现成效，并有望 向内部其他合资品牌扩散。因此一旦未来公布新的经营规划，或出现南向资金明显流入等催化剂，在基 本面持续改善的支撑下，股价有望出现较大反应。 （原标题：港股异动 | 广汽集团(02238)再涨超10% 大摩称三大利好推升广汽集团股价 H股目前仍被低 估） 智通财经APP获悉，广汽集团(02238)再涨超10%，截至发稿，涨8.84%，报4.31港元，成交额2.66亿港 元。 ...

广汽集团（601238）(02238)再涨超10%，截至发稿，涨8.84%，报4.31港元，成交额2.66亿港元。 摩根士丹利发表报告指，广汽集团过去一周累计上涨24%，主要来自以下三项近期利好，包括管理层最 新表态将於2026年量产搭载全固态电池的车型；大幅增加对与华为合作品牌Qijing的资讯披露；宣布与 京东开展营销合作。虽然上述三项举措仍需时间放量，对盈利的实质贡献短期内有限，但考虑到最新业 务进展以及广汽今年以来仍保有5.7%的市场份额，该行认为目前估值依然被低估。 该行指出，虽然广汽旗下埃安仍处亏损，但广汽丰田在2025年向新能源转型的策略已显现成效，并有望 向内部其他合资品牌扩散。因此一旦未来公布新的经营规划，或出现南向资金明显流入等催化剂，在基 本面持续改善的支撑下，股价有望出现较大反应。 ...

Core Viewpoint - Morgan Stanley reports that GAC Group has risen 24% over the past week, attributing this surge to three recent positive developments, including plans to produce vehicles with solid-state batteries by 2026, increased disclosures regarding the partnership with Huawei's Qijing brand, and a marketing collaboration with JD.com [1] Group 1 - GAC Group's management has announced plans to mass-produce vehicles equipped with solid-state batteries by 2026 [1] - The company has significantly increased information disclosure related to its collaboration with Huawei's Qijing brand [1] - GAC Group has announced a marketing partnership with JD.com [1] Group 2 - Morgan Stanley maintains an "overweight" rating on GAC's H-shares with a target price of HKD 3.9 [1] - Although the recent initiatives may take time to yield substantial profits, GAC still holds a 5.7% market share this year, indicating that its current valuation remains undervalued [1] - Despite Aion's ongoing losses, GAC Toyota's strategy to transition to new energy by 2025 is showing results, which may extend to other joint ventures [1] Group 3 - Future announcements regarding new operational plans or significant inflows of southbound capital could act as catalysts for stock price reactions, supported by ongoing improvements in fundamentals [1]

Core Viewpoint - Morgan Stanley reports that GAC Group (2238.HK) has risen 24% over the past week, driven by three recent positive developments [1] Group 1: Recent Developments - Management's latest statement indicates plans to mass-produce vehicles equipped with solid-state batteries by 2026 [1] - Significant increase in information disclosure regarding the partnership brand Qijing with Huawei [1] - Announcement of a marketing collaboration with JD.com [1] Group 2: Investment Rating and Price Target - Morgan Stanley maintains an "overweight" rating on GAC's H-shares with a target price of HKD 3.9 [1] Group 3: Market Position and Future Outlook - Despite the recent initiatives requiring time to scale, the short-term contribution to profitability is limited [1] - GAC retains a 5.7% market share this year, indicating that the current valuation remains undervalued [1] - Although Aion, a subsidiary, is still operating at a loss, GAC Toyota's strategy for transitioning to new energy by 2025 is showing results [1] - Potential catalysts for stock price increases include new operational plans and significant inflows from southbound funds, supported by ongoing improvements in fundamentals [1]