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| HSI1 | 23,294.42 | +335.77 | 214.32B |
| HSCEI1 | 7,862.22 | +106.56 | 75.14B |
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2026-10-30 15:17:16 GEELY AUTO (00175.HK) announced its 3Q26 results, with revenue reaching RMB99 billion, up 10% YoY and QoQ, BofA Securities wrote in a research report. Deliveries totaled 813,000 vehicles, up 7% YoY and 14% QoQ. Excluding FX impacts and special items, adjusted profit reached RMB5.2 billion, up 32% YoY and 2% QoQ, in line with market expectations. Core net profit per vehicle reached RMB6,400, up 24% YoY but down 11% QoQ. Following the 3Q26 results, the broker trimmed its 2026-2028 revenue forecasts for GEELY AUTO by 2%, 3% and 5%, respectively, while raising gross margin forecasts for each year by 0.1 ppts. Net profit forecasts were lowered by 5%, 4% and 6%, respectively. BofA Securities cut its TP from HKD27.6 to HKD22.6, representing a reduction of 18.1%, and reiterated its Buy rating, citing the vehicle product cycle, strong export growth and higher earnings growth. ~ AASTOCKS Financial News Website: www.aastocks.com | |