WRAPUP 1-Honda cautious as rivalry heats up; SAIC Q1 a record


* Honda sees FY op profit Y400 bln vs consensus Y500 bln * Sees rise in US sales outweighing softer Japan, EU markets * SAIC posts biggest quarterly net ever of 2.88 bln yuan * Honda sheds 1.5 pct ahead of results, SAIC up 2.9 pct By Chang-Ran Kim and Fang Yan TOKYO/SHANGHAI, April 28 (Reuters) - Honda Motor Co forecast a smaller-than-expected 10 percent rise in full-year operating profit on Wednesday, warning tough competition would dent gains from improving sales in the United ...

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