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GEELY AUTO Slumps 4%+ as Daiwa Downgrades Stock to Hold, Cuts TP to HKD23.7
GEELY AUTO (00175.HK) opened 1.06% lower today (13th), hitting an intraday trough of HKD21.02. It last printed at HKD21.6, down 4.26%, with turnover of 45.1404 million shares, invo...
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GEELY AUTO Slumps 4%+ as Daiwa Downgrades Stock to Hold, Cuts TP to HKD23.7
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GEELY AUTO (00175.HK)  +0.360 (+1.693%)    Short selling $259.49M; Ratio 23.083%   opened 1.06% lower today (13th), hitting an intraday trough of HKD21.02. It last printed at HKD21.6, down 4.26%, with turnover of 45.1404 million shares, involving HKD974 million.

Daiwa issued a research report downgrading GEELY AUTO by two notches from Buy to Hold, and slightly lowering the TP from HKD24.5 to HKD23.7, citing a lack of strong sales growth momentum in the near term.

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The broker noted that GEELY AUTO's 1Q26 results showed revenue rising 15% YoY to RMB83.8 billion, while net profit fell 27% YoY to RMB4.2 billion, due to a FX loss of RMB497 million, compared with a FX gain of RMB3 billion in the same period last year.

However, adjusted net profit was about RMB4.6 billion, up 31% YoY. Gross margin improved 1.8 ppts YoY to 17.5%, benefiting from a higher contribution from exports and Zeekr sales.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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