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Haitong Int'l: GEELY AUTO's Outperform Rating Maintained
2026-03-25 11:29:30
GEELY AUTO (00175.HK) was forecast to deliver 3.49 million/ 4 million/ 4.58 million vehicles in 2026-28, with NEV penetration rates reaching 64%/ 71%/ 77%, Haitong International's research report wrote. During this period, the company's EPS was projected to be RMB1.88/ RMB2.31/ RMB2.62 (flat/ up 4%/ newly introduced).

Against the valuations of comparable companies in the industry, GEELY AUTO was given a 13x 2026E P/E, which is at the company's historical average valuation level, corresponding to a reasonable TP of HKD27.8. The Outperform rating was maintained.
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