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4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  SAIC Motor Corporation    600104   CNE000000TY6

SAIC MOTOR CORPORATION (600104)
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End-of-day quote. End-of-day quote  - 02/22
34.02 CNY   +2.44%
02/21GM PROPOSES $2. : government official
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02/21GM PROPOSES $2. : government official
RE
02/21SAIC MOTOR : GM proposes $2.8 billion, 10-year investment in South K..
RE
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South Korea weighs options for GM Korea: finance minister

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02/09/2018 | 05:02am CET
A worker checks cars made by GM Korea in a yard of GM Korea's Bupyeong plant in Incheon

SEOUL (Reuters) - South Korea is considering several options regarding General Motors Co's operations in the country, the finance minister said on Friday after the U.S. automaker called for cooperation over its restructuring efforts.

GM's Korea operations have been struggling with rising labor costs and slumping domestic sales, fuelling concerns over a potential pullout.

"We are preparing for various possibilities," Finance Minister Kim Dong-yeon told lawmakers, asked if he had any contingency plan for GM's possible pullout.

Kim did not give further details.

Persistent talk of the carmaker's exit has raised concern in small South Korean cities where it operates manufacturing plants.

South Korea's state-run development bank holds a 17 percent stake in GM Korea, while GM has 77 percent and China's SAIC Motor Corp Ltd has 6 percent.

A South Korean vice finance minister said the Detroit-based automaker had told him in a recent meeting that it "needed cooperation". He declined to elaborate on whether GM had asked for financial support from the government.

(Reporting by Shinhyung Lee, Writing by Ju-min Park; Editing by Stephen Coates)

Stocks treated in this article : SAIC Motor Corporation, General Motors Corporation
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ChangeLast1st jan.
GENERAL MOTORS CORPORATION -0.52% 40.56 Delayed Quote.-0.54%
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Financials ( CNY)
Sales 2017 840 B
EBIT 2017 24 933 M
Net income 2017 34 767 M
Finance 2017 66 855 M
Yield 2017 5,14%
P/E ratio 2017 11,09
P/E ratio 2018 10,11
EV / Sales 2017 0,38x
EV / Sales 2018 0,35x
Capitalization 388 B
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SAIC Motor Corporation Technical Analysis Chart | 600104 | CNE000000TY6 | 4-Traders
Technical analysis trends SAIC MOTOR CORPORATION
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 33,4  CNY
Spread / Average Target 0,70%
EPS Revisions
Managers
NameTitle
Zhi Xin Chen President, Director & Deputy Party Secretary
Hong Chen Chairman
Baiping Bian Chairman-Supervisory Board
Yong Wei Chief Financial Officer
Xin Ping Cao Head-Commercial Vehicle Technology
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