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<Research>UOB Kay Hian Lifts TPs for GEELY AUTO/ XPENG-W to $27/ $60
Recommend 83 Positive 87 Negative 53 |
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Chinese auto OEMs like GEELY AUTO (00175.HK) and XPENG-W (09868.HK) exceeded sales expectations largely last month despite the impact of the Chinese New Year holiday, according to a report from UOB Kay Hian. Based on the forecasted sales increase for 2025-2026, the broker raised its target prices for GEELY AUTO and XPENG-W from $23 and $43 to $27 and $60, respectively. The US threat to significantly hike tariffs on Mexican goods will harm auto parts suppliers with high-risk exposure in the US market, such as NEXTEER (01316.HK). Below are UOB Kay Hian's latest investment ratings and target prices for Hong Kong-listed car stocks: Stock│Investment Rating│Target Price BYD COMPANY (01211.HK)│Hold│$275 GEELY AUTO (00175.HK)│Buy│$23->$27 GWMOTOR (02333.HK)│Buy│$17.5 GAC GROUP (02238.HK)│Sell│$1.15 LI AUTO-W (02015.HK)│Hold│$100 XPENG-W (09868.HK)│Hold│$43->$60 WEICHAI POWER (02338.HK)│Buy│$20 FUYAO GLASS (03606.HK)│Buy│$68 NEXTEER (01316.HK)│Sell│$2 MINTH GROUP (00425.HK)│Buy│$39.5 GANFENGLITHIUM (01772.HK)│Hold│$20 ZHONGSHENG HLDG (00881.HK)│Sell│$11 YADEA (01585.HK)│Hold│$13.5 AAStocks Financial News |
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