|Bid||0.8682 x 0|
|Ask||0.8990 x 0|
|Day's range||0.9120 - 0.9120|
|52-week range||0.5292 - 1.0380|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
How far off is Dongfeng Motor Group Company Limited (HKG:489) from its intrinsic value? Using the most recent...
China's Wuhan city is considering steps to support its biggest local automaker Dongfeng Motor Corp, according to a draft policy document reviewed by Reuters, as the epicentre of China's novel coronavirus outbreak tries to revive its economy. The potential measures include subsidies for new car buyers, new government orders for Dongfeng vehicles and a plan to make use of idled plants from Dongfeng's venture with Renault, according to the policy draft by the Wuhan Economic and Technological Development Zone, a part of the city government. The proposal, dated April 28, underlines how far Wuhan is willing to go to help support Dongfeng, China's third-biggest state-owned car maker, a major employer and a banner name crucial to the city's reputation as one a major auto town.
Renault (RNLSY) is set to transfer its shares in Dongfeng JV to Dongfeng Motor, and instead concentrate on light commercial and electric vehicles in China.