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<Research>BofAS Adds GEELY AUTO's TP to HKD21.6, Rating Buy
GEELY AUTO (00175.HK)'s 1Q25 net income was in line with its previously announced earnings forecast, according to BofA Securities' research report.After taking into account...
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<Research>BofAS Adds GEELY AUTO's TP to HKD21.6, Rating Buy
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GEELY AUTO (00175.HK)  +0.560 (+2.837%)    Short selling $195.21M; Ratio 14.977%   's 1Q25 net income was in line with its previously announced earnings forecast, according to BofA Securities' research report.

After taking into account foreign exchange gains and losses, the group's adjusted earnings spiked by 123% YoY. Its net profit per vehicle was estimated at RMB4,900, representing a 50% YoY growth.

Related NewsGEELY AUTO's 1Q25 NP Rockets 2.6x to RMB5.67B w/ Record-Breaking Sales of 704K Vehicles
Believing that prospects of GEELY AUTO's electric vehicle and overseas sales growth were superior to those of its peers, BofA Securities lifted its target price for the group from HKD20.3 to HKD21.6. It also reiterated the Buy rating to reflect the brand's rising sales and anticipated market share growth.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-20 16:25.)

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