RESEARCH ALERT-Merrill Lynch cuts Qingling to reduce


HONG KONG, Aug 29 (Reuters) - Merrill Lynch said on Thursday it had downgraded the stock of Chinese truck maker Qingling Motors to "reduce" from "neutral" after the company posted worse-than-expected first-half net profit. Merrill Lynch analyst Grace Mak told Reuters that she had also cut its 2002 net profit forecast for Qingling by 46 percent to 152 million yuan from 280 million yuan. Qingling said on Wednesday first-half net profit fell 65 percent as fierce competition in China's truck ...

Premium Content (PAID Subscription Required)

"RESEARCH ALERT-Merrill Lynch cuts Qingling to reduce" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×