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<Research>CICC: GEELY AUTO (00175.HK) Rating Kept at Outperform as New Models to Boost Profitability
Recommend 6 Positive 8 Negative 4 |
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GEELY AUTO (00175.HK) reported a 43% YoY growth in 1-3Q25 revenue to RMB239.5 billion, while net profit attributable to the parent company was RMB13.1 billion, remaining flat YoY, according to CICC's research report. Due to the Company's stronger new vehicle cycle and the ramp-up of new models such as the Galaxy M9 and Lynk & Co 900, boosting profitability, the broker raised its 2025/ 2026 net profit forecasts for GEELY AUTO by 4.5%/ 11.9% to RMB16.9 billion/ RMB19.7 billion each, with rating/ target price kept at Outperform/ $26, corresponding to 2025/ 2026 PE ratios of 14.2x/ 12.1x respectively, implying 51.2% upside from current share price. AAStocks Financial News Website: www.aastocks.com |
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