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<Research>JPM Expects GEELY AUTO (00175.HK) Zeekr Privatization to Help Improve Synergies/ Cost Competitiveness w/ TP $23/ Rating Overweight
GEELY AUTO (00175.HK) announced yesterday that it plans to privatize Zeekr (ZK.US), a move consistent with the Group's overall strategy to improve business synergies and cost c...
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<Research>JPM Expects GEELY AUTO (00175.HK) Zeekr Privatization to Help Improve Synergies/ Cost Competitiveness w/ TP $23/ Rating Overweight
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GEELY AUTO (00175.HK)  +0.840 (+4.795%)    Short selling $374.63M; Ratio 15.849%   announced yesterday that it plans to privatize Zeekr (ZK.US)      , a move consistent with the Group's overall strategy to improve business synergies and cost competitiveness across the Geely, Zeekr and Lynk & Co brands, according to JPMorgan's research report.

Furthermore, the Group also released a positive profit alert earlier estimating 1Q25 profit to be about RMB5.5 billion, including a foreign exchange gain of nearly RMB2 billion on RMB depreciation. Therefore, the broker now rated GEELY AUTO at Overweight, with a target price of $23.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-09 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

Related NewsBOCI: GEELY AUTO's Proposed Privatization of Zeekr Helps Narrow Valuation Discounts Against NEV Counterparts

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