China Grand Auto traded at 0.78 this Wednesday July 17th, decreasing 0.09 or 10.34 percent since the previous trading session. Looking back, over the last four weeks, China Grand Auto lost 28.44 percent. Over the last 12 months, its price fell by 62.32 percent. Looking ahead, we forecast China Grand Auto to be priced at 0.76 by the end of this quarter and at 0.71 in one year, according to Trading Economics global macro models projections and analysts expectations.
China Grand Automotive Services Group Co., Ltd., formerly China Grand Automotive Services Co., Ltd., is a China-based company that engaged in the distribution of passenger cars, and in the provision of financial lease and integrated services to passenger cars. The Company mainly operated business through vehicle sales, passenger car financial lease, maintenance and commission agency services. Passenger Car Distribution and Service segment includes vehicle sales and after-sales services, such as maintenance, automobile maintenance and spare parts sales. Automobile Financial Lease segment is involved in leasing the designated car to the customers and sell the vehicle to customers at the symbolic price after the expiration of the term of the lease by leasing companies with the qualification of automobile financial lease. The Company has more than 500 stores in 25 provinces, autonomous regions and municipalities in China and distributes passenger cars under nearly 50 brands.