The analyst rating for GWMOTOR (02333.HK) is maintained as a "Buy" due to the company's strategic focus on "premiumization + new energy + overseas expansion," which is expected to yield medium-term benefits. Despite a 21.7% year-over-year decline in net profit attributed to increased investments in a new direct-to-consumer channel, new models, technologies, and brand enhancement, the broker believes that these investments will ultimately support growth. The temporary profit squeeze from escalated investments in the fourth quarter of 2025 did not deter the positive outlook, leading to the decision to keep the Buy rating with a target price of HKD22.5.
