· Geely Great Wall may help Wandu share price rise

Recently, as the South Korean government has agreed to deploy anti-missile systems in South Korea, the Chinese government is nervous about South Korea's trade relations, and there is now some uncertainty. However, due to the stable sales of customers such as Geely and Great Wall, Wandu’s sales have been further boosted as Korea’s leading auto parts manufacturer.
According to Lim Eun-young, an analyst at Samsung Securities in South Korea, the stock price of Wandu continued to fall, and the closing price on February 16, 2017 fell to 280,000 won/share (about US$244.05/share). The decline was as high as 11%. Recently, the stock price crash of Wandu should be attributed to the two major Korean automakers, Hyundai Motor and Kia Motors, which cut their car production in January-February this year, which led to a decline in shipments to China, and the two companies are precisely Wandu’s largest customer in South Korea accounts for the largest share of sales in Wandu.
As of Wednesday (March 15, 2017), Wandu's closing price was 253,500 won (about 224.47 US dollars), down 3,000 won (about 2.66 US dollars) from the previous trading day, down slightly by 1.17%.
Fortunately, due to the growth of Wandu's total sales to China, its share price is about to rebound. According to a report by Samsung Securities, in the first two months of 2017, the sales of Chinese customers such as Geely Automobile and other million are stable, and the sales growth of Wandu in China is expected to increase by more than 15%. In the fourth quarter of 2016 (as of December last year), China's vehicle manufacturer Geely accounted for 25% of Wandu's total sales, ranking second, while Hyundai Motor and Kia Motors accounted for a total of 43%, ranking first. General Motors ranked third in the United States, accounting for 16%.
According to Jung Yong-jin, an analyst at Shinhan Investment, Wandu’s sales this year are expected to reach 1.9 trillion won ($1.682 billion), up 5.7% year-on-year, thanks to Geely. Excellent performance of Chinese car companies such as the Great Wall. The sales growth of Wandu in China will further offset the adverse effects of the depreciation of the Korean won.

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