News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>Citi: GEELY AUTO (00175.HK) 1Q Positive Profit Alert Beats Mkt Consensus; Rating Buy
GEELY AUTO (00175.HK) announced its positive profit alert expecting its 1Q25 earnings to hike to between RMB5.2 billion and RMB5.8 billion, up 2.2-2.7x YoY, according to a research...
Reset
Send
The window will close in 5 seconds
<Research>Citi: GEELY AUTO (00175.HK) 1Q Positive Profit Alert Beats Mkt Consensus; Rating Buy
Close
Recommend
19
Positive
35
Negative
13
 
SHORT SELL
 
STOCK INFO

GEELY AUTO (00175.HK)  +0.320 (+1.956%)    Short selling $99.73M; Ratio 13.740%   announced its positive profit alert expecting its 1Q25 earnings to hike to between RMB5.2 billion and RMB5.8 billion, up 2.2-2.7x YoY, according to a research report issued by Citi Research.

Excluding potential foreign exchange gains, the broker forecasted the Group's 1Q25 potential net profit to be around RMB3.3 billion-RMB3.5 billion, which is in line with Citi Research's projection, but higher than the market consensus.

As the Geely Galaxy brand boosted the Group's overall operating leverage and margin trend, and the YTD profitability of the gasoline vehicle business is solid, coupled with the Group's inventory control and improved sales mix, the Group's 1Q25 net profit per vehicle is estimated to be around RMB5,000, up 47% YoY.

Therefore, the broker kept rating at Buy on the Group, with a target price of $26.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-30 16:25.)

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.