According to reports, Morgan Stanley has issued a research note stating that based on the latest disclosures from Voyah, Dongfeng Group (00489) raised its average price by 7% in the first seven months, with sales reaching 150,000 units. Considering the latest sales trends, the firm projects a 15% year-on-year revenue growth for the company in fiscal 2025. Consequently, Morgan Stanley has increased the target price by 5.6%, from HKD 10.65 to HKD 11.24, maintaining an "Overweight" rating.
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