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<Research>HSBC Research Lifts GEELY AUTO's TP to HKD30 w/ Rating Buy; Earnings Growth Likely to Continue in 2H
Recommend 25 Positive 54 Negative 28 |
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According to a report from HSBC Research, GEELY AUTO (00175.HK)'s 2Q25 net profit reached RMB3.6 billion, surpassing the broker's expectations, primarily due to an optimized product mix driving up its GPM. In the broker's estimate, the group's earnings will improve significantly QoQ, and its stock price will rise further in 2H25 on the continuous expansion of market share. Specifically, GEELY AUTO's overall market share increased from 7.7% last year to 11.2% in 2Q25, with the electric vehicle market share expanding from 7.9% to 12.6%. Coupled with the industry's anti-involution trend, the group will hold an advantage. HSBC Research predicted GEELY AUTO's earnings growth to continue over future quarters on product mix upgrades and economies of scale GEELY AUTO's rating was kept as Buy, with a target price lifted from HKD26 to HKD30. AAStocks Financial News |
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