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<Research>Daiwa Elevates GEELY AUTO (00175.HK) TP to $24.5, Reiterates Rating at Buy
Recommend 25 Positive 58 Negative 10 |
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After GEELY AUTO (00175.HK) announced its 1H25 results, the valuation model for the Company was updated, according to Daiwa's research report. The broker now forecasted GEELY AUTO's 2025-2027 sales volume to reach 3 million to 3.8 million units, up from its previous expectation of 1.9-2.3 million units. Daiwa was also optimistic about GEELY AUTO's successful transition to NEV, and anticipated more growth from overseas expansion between 2025 and 2027. The broker was positive about GEELY AUTO benefiting from further profit improvement on economies of scale and cost savings from internal synergies within the Group. Therefore, Daiwa reiterated rating at Buy, and elevated its target price from $14 to $24.5. AASTOCKS Financial News Website: www.aastocks.com |
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