- Guangzhou Automobile's electric vehicle brand Aion is to operate independently going forward, which could be a prelude to the IPO of the company's new energy vehicle subsidiary.
- The company's gross profit margin decline and continued losses associated with its proprietary brand business (Trumpchi) in 3Q 2020 were disappointing.
- Guangzhou Automobile trades at 7.9 times consensus forward FY 2021 P/E, and it offers a consensus forward FY 2021 dividend yield of 3.9%.
For further details see:
Guangzhou Automobile: EV Brand Operating Independently Could Be Prelude To IPO