＜Research＞Daiwa: CN RMB300B Support for Trade-in Programs; GWMOTOR (02333.HK), GEELY AUTO (00175.HK), TIMES ELECTRIC (03898.HK) Recommended

　　China's National Development and Reform Commission (NDRC) recently issued a notice on certain measures for large-scale equipment renewal and consumer goods trade-in, stating that it will coordinate the arrangement of RMB300 billion of funds to strengthen support for large-scale equipment renewal and consumer goods trade-in, among which the subsidy for automobile trade-in will increase, according to a report by Daiwa.

　　Since GWMOTOR (02333.HK) -0.340 (-3.030%) Short selling $16.56M; Ratio 17.332% , GEELY AUTO (00175.HK) +0.140 (+1.786%) Short selling $24.62M; Ratio 32.893% , SINOTRUK (03808.HK) -1.330 (-6.379%) Short selling $41.38M; Ratio 37.529% , and TIMES ELECTRIC (03898.HK) +0.350 (+1.207%) Short selling $1.53M; Ratio 4.199% are expected to benefit from the increase in subsidy, Daiwa gave all of them a Buy rating, anticipating that the new policy will boost the demand for the replacement of passenger cars, heavy-duty trucks, and new energy city buses.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-29 12:25.)

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