Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>HSBC Research: GEELY AUTO Premium Brand, Exports Resilient; Rating Buy Kept
Recommend 30 Positive 44 Negative 13 |
||||
|
||||
|
GEELY AUTO (00175.HK) posted an 18% YoY decline in overall retail sales in 5M26, still outperforming the industry's 22% downfall, HSBC Global Investment Research said in its report. Sales of its premium brand Zeekr grew by 57%, reflecting resilient demand. The broker anticipated that Zeekr's sales growth will continue in 2H26. Furthermore, Geely's Navigate On Autopilot (NOA) software has been launched in major cities across the country, which it believes will become a meaningful selling point in the premium market. The broker maintained its earnings forecast for GEELY AUTO, a Buy rating, and an unchanged target price of HK$32. AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
