HSBC Global Research published a report on GEELY AUTO (00175.HK)  +0.160 (+0.836%)    Short selling $88.35M; Ratio 9.647%   , which had proposed privatizing its electric vehicle (EV) subsidiary Zeekr (ZK.US)      . The broker considered the potential privatization will support synergies in R&D, supply chain, and product portfolio concentration.

GEELY AUTO had previously issued a positive profit alert for 1Q25, with net profit expected to surge 105-124% YoY to RMB3.2-3.5 billion, after excluding FX gains of RMB2-2.3 billion. This growth is primarily driven by a strong new EV cycle and sales growth.

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EV retail sales leaped 134% YoY, outrunning the overall market’s 36% growth. The broker anticipated that the launch of more new models and upgrades in autonomous driving technology will propel robust sales and profit growth in the coming quarters.

HSBC Global Research raised its profit forecasts for GEELY AUTO for 2025 and 2026 by 6-7%, thanks to higher gross margin outlook given GEELY AUTO’s domestic volume growth on the back of a strong EV new car cycle. The target price for the stock was lifted from HKD24 to HKD26, with a maintained Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-15 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)