＜Research＞DBS Adds GEELY AUTO (00175.HK) TP to $11.7, Slightly Raises 2024/ 2025 Profit Forecasts

AASTOCKS

2024-07-05 14:26

GEELY AUTO (00175.HK) raised its full-year delivery target to 2 million vehicles, as expected, and is also confident in its overseas business, with th...

　　GEELY AUTO (00175.HK) -0.290 (-3.333%) Short selling $39.94M; Ratio 19.643% raised its full-year delivery target to 2 million vehicles, as expected, and is also confident in its overseas business, with the Company elevating its sales target to 380,000 from 300,000, DBS Group Research issued a research report saying.

　　DBS Group Research lifted its FY2024/ FY2025 earnings forecasts by 2%/ 3% each, and added its target price to $11.7, with rating kept at Buy, due to GEELY AUTO's better-than-expected 1H24 deliveries and strong model pipeline.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-05 12:25.)

　　Related NewsCiti Adds GEELY AUTO (00175.HK) TP to $13.98, Citing All-round Mkt Share Increase

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