Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>CMSI: GEELY AUTO (00175.HK) Merger with Zeekr (ZK.US) Benefits Focus on Core Resources; TP Raised to $32
Recommend 18 Positive 45 Negative 17 |
||||
|
||||
|
GEELY AUTO (00175.HK) entered into a merger agreement with Zeekr (ZK.US) to acquire all remaining shares of Zeekr, which will be delisted upon privatization completion, CMSI released a research report saying. CMSI believed that, post-merger, GEELY AUTO's four core brands will all be listed companies in Hong Kong, facilitating a focus on core resources, reducing related transactions and enhancing the company's investment value. The broker also moved valuation forward to FY2026 considering the smooth progress of internal integration, strong medium- to long-term growth momentum and the concentrated impact of equity expansion next year, and raised its target price to $32 (previously $27.5), equivalent to a 2026 PE ratio of 16.4x, close to the company's historical average valuation of 16x, with rating at Overweight, being its sector top pick. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
