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<Research>M Stanley Cites GEELY AUTO: Overseas Sales, Margin Growth Core Strategies; 1Q Overseas Profit per Vehicle May Reach RMB13-15K
Recommend 46 Positive 66 Negative 26 |
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GEELY AUTO (00175.HK) swelled nearly 6.5% to close at $23.4 at midday, with a turnover of $2.175 billion, making it the largest gainer among blue chips. GEELY AUTO’s management attended its China Investor Conference, where the Company reaffirmed its 2026 overseas market sales target of 640,000 vehicles, with approx. 300,000 of those being ICEs, Morgan Stanley recently released a research report saying. The Company maintained decent pricing discipline in 1Q26, with a significant increase in profit per vehicle. Profit per vehicle in overseas markets may reach RMB13,000-15,000, roughly three times higher than that of the domestic market. Overseas sales growth and margin expansion remain GEELY AUTO’s long-term core strategy, the broker added. Cost inflation was manageable, with no price war emerged in 1Q26, supporting profitability. Therefore, Morgan Stanley kept rating/ target price at Overweight/ $25 on GEELY AUTO. Auto-translated by AI AASTOCKS Financial News |
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