Guangzhou Automobile traded at 7.14 this Thursday April 2nd, decreasing 0.10 or 1.38 percent since the previous trading session. Looking back, over the last four weeks, Guangzhou Automobile lost 8.70 percent. Over the last 12 months, its price fell by 14.08 percent. Looking ahead, we forecast Guangzhou Automobile to be priced at 7.09 by the end of this quarter and at 6.62 in one year, according to Trading Economics global macro models projections and analysts expectations.
Guangzhou Automobile Group Company Limited is an investment holding company principally engaged in vehicles and related businesses. The Company operates through five segments. The Research and Development (R&D) segment is engaged in the development of new products and new technology, as well as the implementation of R&D projects. The Manufacture segment is engaged in the manufacture of passenger vehicles and motorcycles. The Commercial Services segment is engaged in vehicle sales, logistics, international trading, second-hand vehicles, disassembling, resources recycling, as well as the provision of supporting services. The Parts and Components segment provides engines, gearboxes, car seats, auto lamps, automation accessories, redirectors, shock absorbers and accessories. The Financial segment provides financial investment, insurance, insurance broker, financial lease, automobile credit and other related services.