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<Research>CMBI Lifts GEELY AUTO's TP to HKD27; 1Q NP Beats
Recommend 7 Positive 9 Negative 2 |
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According to CMBI's research report, GEELY AUTO (00175.HK)'s 1Q26 net profit beat the broker's expectations on strong gross margin performance. In CMBI's estimation, GEELY AUTO's GPM will remain resilient despite rising raw material costs, and it will benefit from increased overseas sales, an optimized product mix, and continued cost-cutting efforts under the "One Geely" strategy. CMBI has kept a Buy rating on GEELY AUTO and raised the target price from HKD25 to HKD27. Auto-translated by AI AASTOCKS Financial News |
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