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<Research>Macquarie Raises GEELY AUTO (00175.HK) TP to $22, Rating Outperform
Recommend 14 Positive 43 Negative 12 |
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Macquarie published a research report, raising its revenue forecasts for GEELY AUTO (00175.HK) by 20% for FY2025 and 19% for FY2026, projecting adjusted EPS to improve to RMB1.5 and RMB2, respectively. The broker viewed the recent merger of Zeekr and Lynk & Co is conducive to Geely, though it expected cost synergies not to fully materialize until FY2026. In the short term, the deal is seen as more helpful in clarifying model positioning and creating distinct brand identities for the core EV brands. If Geely can sustain its recent strong track record of launching NEV models, it could further boost investor confidence and drive a re-rating, Macquarie envisioned. The broker raised its target price for the stock by 5% to HKD22, maintaining an Outperform rating. AAStocks Financial News |
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