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<Research>CLSA Reiterates Rating at High Conviction Outperform for GEELY AUTO (00175.HK) as Zeekr Privatization Expected to Reduce Operating Leverage
GEELY AUTO (00175.HK) announced that it made a privatization proposal to Zeekr (ZK.US), with the purchase price representing a 20% premium to the volume-weighted average price of Z...
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<Research>CLSA Reiterates Rating at High Conviction Outperform for GEELY AUTO (00175.HK) as Zeekr Privatization Expected to Reduce Operating Leverage
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13
Positive
32
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13
 
SHORT SELL
 
STOCK INFO

GEELY AUTO (00175.HK)  -0.320 (-1.686%)    Short selling $76.93M; Ratio 11.276%   announced that it made a privatization proposal to Zeekr (ZK.US)      , with the purchase price representing a 20% premium to the volume-weighted average price of Zeekr over the past 30 trading days.

The price is equivalent to about 0.43x of the 2024 PS ratio of Zeekr, which is expected to be an important step in the realization of the “One Geely” strategy, as it would help reduce the overall operating leverage and enable the Group to better implement its multi-brand strategy in the long run, CLSA released a research report saying.

Related NewsHSBC Research Lifts GEELY AUTO TP to $26, Hikes 2025/ 26 Profit Forecasts by 6-7%
Therefore, the broker reiterated rating at High Conviction Outperform for GEELY AUTO, and kept its target price at $23.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-13 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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