SAIC’s own-brand overseas sales rise sixty percent: why does Deutsche Bank still rate it Hold?
In August, SAIC’s own-brand overseas sales rose 62% year on year but fell 3.1% month on month, with performance varying across models and regions. Deutsche Bank expects the improvement in the overseas business to support own-brand gross margins, while forecasting pressure on investment income from joint ventures, and maintains its Hold rating.
Deutsche Bank ·