GO
| HSI1 | 24,642.51 | +132.42 | 177.48B |
| HSCEI1 | 8,216.84 | +51.06 | 51.28B |
| Back Zoom + Zoom - Block Traded | |
|
2026-09-28 10:34:00 Goldman Sachs published a research report initiating coverage on GEELY AUTO (00175.HK) with a Buy rating and a TP of HKD24, noting that as China's largest passenger vehicle OEM manufacturer, GEELY AUTO's key growth driver is shifting toward overseas markets. The broker foresaw ample room for expansion. Propelled by accelerated product cycles and sales channel expansion, overseas sales are forecast to grow from 420,000 vehicles in 2025 to 2.7 million vehicles in 2030, with contribution to total sales expected to rise from 14% to 50%, while contribution to net profit is projected to increase from 31% to 84%. The broker forecast GEELY AUTO's total sales to increase from 3 million vehicles in 2025 to 5.4 million vehicles in 2030, potentially making it one of the world's top five automakers. Net profit was projected to grow from RMB17 billion in 2025 to RMB41 billion in 2030. The broker forecast GEELY AUTO's revenue, gross profit and net profit CAGR for 2026 to 2028 to reach 19%, 21% and 24% respectively, while gross margin during the period may improve from 17.7% to 18.1%. ~ AASTOCKS Financial News Website: www.aastocks.com | |