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<Research>UBS Lifts GEELY AUTO (00175.HK) TP to $20, Keeps Rating at Neutral on Reasonable Valuation
Recommend 29 Positive 49 Negative 17 |
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The market generally held an optimistic view on GEELY AUTO (00175.HK), as the Group still achieved a 47% YoY increase in 1H25 sales under a large base, along with product cycle updates, UBS released a research report saying. However, the broker believed that it is uncertain whether this performance is due to a structural market share gain or merely a cyclical tailwind from stimulus policies. UBS also believed that the downgrade of GEELY AUTO's product mix and the major contribution of entry-level and older models to sales may suppress growth prospects after 2025. The broker added that the Group's current valuation is at a reasonable level. Therefore, UBS kept rating at Neutral, and lifted its target price from $15 to $20. Meanwhile, the broker also raised its 2025-2027 sales forecasts by 13-18%, to 3.1-3.4 million units. AASTOCKS Financial News Website: www.aastocks.com |
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