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<Research>CMSI: GEELY AUTO (00175.HK) Merger with Zeekr (ZK.US) Benefits Focus on Core Resources; TP Raised to $32
GEELY AUTO (00175.HK) entered into a merger agreement with Zeekr (ZK.US) to acquire all remaining shares of Zeekr, which will be delisted upon privatization completion, CMSI releas...
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<Research>CMSI: GEELY AUTO (00175.HK) Merger with Zeekr (ZK.US) Benefits Focus on Core Resources; TP Raised to $32
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STOCK INFO

GEELY AUTO (00175.HK)  -0.100 (-0.526%)    Short selling $189.53M; Ratio 16.804%   entered into a merger agreement with Zeekr (ZK.US)      to acquire all remaining shares of Zeekr, which will be delisted upon privatization completion, CMSI released a research report saying.

CMSI believed that, post-merger, GEELY AUTO's four core brands will all be listed companies in Hong Kong, facilitating a focus on core resources, reducing related transactions and enhancing the company's investment value.

Related NewsBofAS: Acquisition of Zeekr Beneficial for GEELY AUTO (00175.HK); TP $21.6; Rating Kept at Buy
The broker also moved valuation forward to FY2026 considering the smooth progress of internal integration, strong medium- to long-term growth momentum and the concentrated impact of equity expansion next year, and raised its target price to $32 (previously $27.5), equivalent to a 2026 PE ratio of 16.4x, close to the company's historical average valuation of 16x, with rating at Overweight, being its sector top pick.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-18 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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