＜Research＞Guotai Junan Lifts GEELY AUTO (00175.HK) TP to $14, Rating Buy

AASTOCKS

2024-07-04 10:47

Guotai Junan released a research report keeping rating at Buy on GEELY AUTO (00175.HK), and lifting its target price from $13.33 to $14. Considering G...

　　Guotai Junan released a research report keeping rating at Buy on GEELY AUTO (00175.HK) +0.110 (+1.276%) Short selling $50.83M; Ratio 14.246% , and lifting its target price from $13.33 to $14. Considering GEELY AUTO's sales volume scale in 1H24 beat expectations, the Company raised its full-year sales target to 2 million units.

　　Coupled with the further enhancement in the product lineup of ZEEKR Intelligent Technology Holding Limited (ZK.US) and Galaxy's sales, and improved profitability on the accelerated transformation of NEVs, Guotai Junan set its target PE ratios for 2024-2026 at 18x, 15x and 14x, respectively.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-03 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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