Bernstein keeps HKD 2.00 target for GAC stock

Published on 10/20/2026 at 20:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GAC lost CNY 3.81 billion in second-quarter 2026. GAC stock costs EUR 0.24 on October 20, 2026 at Lang & Schwarz in after-hours trading.

Target, results and trading price

Bernstein maintained a Hold rating and a HKD 2.00 target on October 9, 2026.
First-half 2026 revenue rose 9.13 percent to CNY 46.50 billion.
GAC stock costs EUR 0.24 at Lang & Schwarz on October 20, 2026 at 8:23 p.m. CEST.
GAC scheduled its third-quarter results review for October 30, 2026.

GAC, CNE100000Q35, Illustration mit AI erstellt.

Bernstein maintained a Hold rating and a HKD 2.00 price target for GAC on October 9, 2026, according to TipRanks. The target sits 4.31 percent below the HKD 2.09 Hong Kong share price last quoted on October 20, 2026. GAC stock was trading at EUR 0.24 at Lang & Schwarz on October 20, 2026 at 8:23 p.m. CEST during after-hours trading.

Revenue grew despite the loss

GAC's first-half 2026 revenue rose 9.13 percent year over year to CNY 46.50 billion. At the same time, net loss attributable to shareholders widened 75.98 percent to CNY 4.467 billion, according to Quartr in its September 29, 2026 earnings summary.

The operating mix is shifting toward electric vehicles. New-energy vehicle sales reached 260,200 units in the first half of 2026, up 68.80 percent year over year, while exports of self-developed brands increased 132.00 percent to 121,500 units.

Sales and the next reporting date

September vehicle sales totaled 128,634 units, down 25.72 percent from the same month in 2025, while January through September sales reached 1,141,237 units, down 3.58 percent, MarketScreener reported on October 9, 2026.

GAC scheduled a board meeting for October 30, 2026, to review unaudited results for the nine months ended September 30, 2026, TipRanks reported on October 20, 2026. That date gives investors the next defined checkpoint for revenue, sales and the loss trend.

Valuation remains loss-based

Guangzhou Automobile Group's Shanghai-listed shares stood at CNY 4.95 on October 20, 2026 at 3:00 p.m. CST, down 1.20 percent on the session. The company had a market capitalization of CNY 50.5 billion and a negative trailing price-to-earnings ratio of 4.67 on that date.

For comparison, SAIC Motor stood at CNY 10.73 with a market capitalization of CNY 123.3 billion and a trailing price-to-earnings ratio of 13.25 on October 20, 2026. BYD stood at HKD 73.65 with a market capitalization of HKD 671.5 billion and a trailing price-to-earnings ratio of 25.57 on the same date.

The next stock checkpoint

The October 30 results review will place the latest sales decline beside the first-half electric-vehicle expansion. The contrast is visible in the numbers: new-energy vehicle sales rose 68.80 percent in the first half, while September total sales fell 25.72 percent year over year.

The further course of trading is shown by the continuously updated real-time quote of GAC stock.