Oriental Securities keeps Buy rating for SAIC Motor stock

Published on 10/19/2026 at 00:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

September sales fell 7.67 percent to 406,051 vehicles on October 7, 2026. Oriental Securities targets SAIC Motor stock at RMB 16.16 before October 30 results.

Export growth shapes the picture

Oriental Securities maintained a RMB 16.16 target on October 8, 2026.
September overseas sales rose 49.07 percent to 150,008 vehicles.
SAIC Motor's market capitalization was CNY 125.0 billion on October 16, 2026.

SAIC, CNE000000TY6, Illustration mit AI erstellt.

SAIC Motor (CNE000000TY6) faces a split operating picture after Futubull reported on October 8, 2026 that Oriental Securities maintained a Buy rating and a RMB 16.16 target. The latest company figures show falling total sales alongside faster overseas and new-energy growth.

September sales show the divide

SAIC Motor sold 406,051 vehicles in September 2026, down 7.67 percent from 439,777 a year earlier, according to the company's sales release carried by FinancialFilings. January through September sales reached 3.147 million vehicles, down 1.45 percent from 3.193 million.

The mix was more constructive than the headline total. New-energy vehicle sales rose 18.72 percent to 224,973 in September, while export and overseas-base sales increased 49.07 percent to 150,008, according to the same October 7, 2026 release.

What offsets the 7.67 percent decline?

Export growth and new-energy vehicles provide the clearest counterweight. The September figures also showed independent-brand passenger-vehicle sales up 14.51 percent to 107,303, while SAIC Volkswagen sales fell 35.80 percent to 60,402 and SAIC GM sales declined 19.14 percent to 40,009.

Three dates frame the story

On August 28, 2026, SAIC Motor's first-half update was associated with CNY 298.652 billion in revenue and CNY 51.52 billion in attributable net profit in a financial-data summary linked to Troy Technical. On October 7, 2026, the company reported 406,051 September vehicle sales. On October 8, 2026, Oriental Securities maintained its RMB 16.16 target and Buy rating, as reported by Futubull.

Next date for earnings expectations

finanzen.at reported on October 15, 2026 that SAIC Motor is expected to present third-quarter results on October 30, 2026, covering the period ended September 30, 2026. The report puts consensus third-quarter earnings per share at CNY 0.239, versus CNY 0.180 a year earlier, while expected revenue is CNY 164.61 billion against CNY 169.40 billion.

Market value and investor frame

SAIC Motor closed at CNY 10.87 on the Shanghai Stock Exchange on October 16, 2026. Its market capitalization was CNY 125.0 billion on that date, while the maintained target points to a valuation discussion centered on export growth, new-energy volumes and pressure in joint ventures.