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CMBI Raises 2026-27 Earnings Forecast for GEELY AUTO; 3Q Earnings Solid
2025-11-18 11:32:28
CMBI has released a report expecting that GEELY AUTO (00175.HK) could meet this year's sales and gross margin targets given its solid 3Q25 earnings.

The broker kept a Buy rating on GEELY AUTO, with a target price of HKD25 based on next year's forecasted 12x (previously 13x) P/E ratio, reflecting recent investor concerns about the industry's sales slowdown next year.

CMBI also anticipates GEELY AUTO's sales to reach 3.08 million and 3.42 million cars in 2025-26 respectively, with half of next year's sales increase coming from exports. The carmaker's net profit for 2025 is predicted to reach RMB17.4 billion, implying a 4Q25 net profit of RMB4.3 billion.

The broker lifted its 2026-27 earnings forecast for GEELY AUTO by 7.5% and 9% to RMB20 billion and RMB21.3 billion, respectively.
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