By Yifan WangGreat Wall Motor Co.'s shares rebounded in Hong Kong morning trade after steep opening losses, as investors weighed weak first-quarter profit against analysts' expectations of better earnings going forward. The stock was last up 0.5% at HK$9.29 on Monday, after falling as much as 6.9% earlier in the session. The fall came after the Chinese car maker posted an 89% drop in its first-quarter profit, missing market expectations. However, the analysts maintain a buy call on the stock, pointing to upcoming "catalysts that could re-rate Great Wall Motor's earnings momentum" from the second quarter. Write to Yifan Wang at yifan.wang@wsj.com(END) Dow Jones NewswiresApril 23, 2023 23:36 ET (03:36 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal April 24, 2023 03:45 UTC