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<Research>CLSA Expects GEELY AUTO (00175.HK) 2025 Sales to Be 3M+ Units, Keeps Rating at High Conviction Outperform
Recommend 22 Positive 41 Negative 8 |
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GEELY AUTO (00175.HK) is benefiting from its positioning in internal combustion engine (ICE) vehicle and NEV, which may hedge against potential EV subsidy policies, CLSA released a research report saying. Therefore, the broker kept its target price at $23 for the Company, with rating at High Conviction Outperform. Based on GEELY AUTO's strong domestic and international outlook, CLSA reiterated its opinion that Geely Galaxy's monthly sales should exceed 150,000 units, while GEELY AUTO's 2025 overall sales should beat its target of 3 million units, with ICE vehicle sales reaching at least 1 million units. AASTOCKS Financial News Website: www.aastocks.com |
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