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M Stanley: GEELY AUTO Share Price Correction Overdone; 3Q Core NP In Line, Only Misses Bullish Expectations
2026-10-30 15:04:19
Morgan Stanley published a research report on GEELY AUTO (00175.HK), of which 3Q earnings missed the market's bullish expectations, dampened by non-operating headwinds, but core profit margins remained resilient amid industry pressure.

The broker believed the recent sell-off was overdone, reflecting fragile sector sentiment, while fundamentals remained resilient and global expansion momentum was unchanged. It maintained an Overweight rating with a TP of HKD27.

The broker noted that GEELY AUTO's 3Q core profit was RMB5.2 billion, in line with street consensus of RMB5-5.5 billion, but below bullish expectations of RMB5.5-6 billion. Excluding an incremental RMB270 million share-based compensation expense, core profit was RMB5.48 billion.
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AASTOCKS Financial News
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