Morgan Stanley: VOYAH Automobile (07489.HK) Listed by Introduction, Last Year’s Revenue in Line with Expectations

Morgan Stanley issued a research report stating that VOYAH Automotive (07489.HK), a subsidiary of Dongfeng Group (00489.HK), will be listed on the Main Board of the Hong Kong Stock Exchange by way of introduction. VOYAH Automotive's total revenue for 2025 is projected to reach RMB 34.9 billion, in line with expectations, with a net profit after tax of RMB 1 billion. Additionally, the company has outlined a more specific timeline for its listing. Morgan Stanley believes that apart from operational updates as key drivers, Dongfeng Group's share price will also be influenced by capital flows, including index inclusion eligibility, Southbound Trading, and a more streamlined equity structure. The firm maintains an 'Overweight' rating for Dongfeng Group with a target price of HKD 11.24.

AASTOCKSFeb 13 15:43

Voyah Automotive Applies for Hong Kong Listing of Shares

MT NewswiresFeb 13 10:59

Dongfeng Motor Group Sets March 2026 Vote on Merger and Payout

TipRanksFeb 13 06:38

DONGFENG GROUP: JOINT ANNOUNCEMENT - DESPATCH OF THE COMPOSITE DOCUMENT

HKEXFeb 12 22:46 · Announcements

Express News | The Ministry of Industry and Information Technology (MIIT) is soliciting public opinions on five mandatory national standards, including the 'Safety Requirements for Autonomous Driving Systems in Intelligent and Connected Vehicles.'

BreakingsFeb 12 18:50

China’s official introduction of new pricing regulations for the automotive industry: “Actual ex-factory prices below production costs” pose significant legal risks.

The Guidelines explicitly define 'selling complete vehicles and components below production costs' as a price practice posing significant legal risks. The term 'production costs' adopts a broad definition encompassing manufacturing costs and period expenses, thereby addressing compliance concerns related to price undercutting. The new regulations enumerate nine categories of risky behaviors, with a primary focus on regulating scenarios involving 'the intent to squeeze out competitors by making the actual ex-factory price lower than the cost.'

wallstreetcnFeb 12 18:12