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<Research>CLSA Lifts GEELY AUTO's TP to HKD30; Export Biz Far Beyond Target
Recommend 32 Positive 53 Negative 13 |
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GEELY AUTO (00175.HK)'s Zeekr and Lynk & Co have gradually achieved profitability, while technological upgrades and new models have driven the Galaxy series to continue setting new sales highs, and high-end Zeekr models are gradually building momentum, CLSA's research report said. In addition, the development of GEELY AUTO's export business has markedly exceeded targets and is expected to become another major growth driver. CLSA estimates that the export business could contribute about 20% of the group's overall net profit by 2026. CLSA has lifted its target price for GEELY AUTO from HKD23 to HKD30 and kept the Outperform rating unchanged. Auto-translated by AI AASTOCKS Financial News |
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