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Citi: BAIC MOTOR (01958.HK) Beijing Benz Jan Sales Hit New High at 53,500

 In its report, Citigroup cited industrial data that BAIC MOTOR (01958.HK)  +0.640 (+6.275%)    Short selling $10.36M; Ratio 4.035%   's Beijing Benz tracked new-high sales in January at 53,500 vehicles, up 31% yearly. The research house maintained the auto maker at Buy with target price of $16. The company's announcement in relation to spin-off of loss-making assets was expected to be announced in 1Q18, which was believed to be critical re-rating catalyst. 

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