GO
| HSI1 | 23,393.32 | +98.90 | 204.84B |
| HSCEI1 | 7,906.11 | +43.89 | 74.19B |
| Back Zoom + Zoom - Block Traded | |
|
2026-11-02 14:52:11 After GEELY AUTO (00175.HK) management held an update conference call on October 30, Citi estimated the company's core net profit for 4Q26 to ascend 13% QoQ to RMB6.2 billion, with domestic and export net profit per vehicle remaining at around RMB11,500 and RMB3,600 respectively on a QoQ basis. The broker noted that management had lowered its full-year 2026 sales volume target to 3.1-3.2 million vehicles, while 4Q26 sales volume was expected to grow 5-10% YoY. It also forecast growth in China's automobile export industry to slow to 20-30% YoY in 2027, while the domestic market was projected to remain flat to see mild growth. The broker chopped its 2026 sales volume forecast by 9% to 3.19 million vehicles, and revised its net profit forecasts for 2026, 2027 and 2028 by -12%, +2% and +4% respectively to RMB20.017 billion, RMB26.369 billion and RMB30.522 billion. The broker axed the TP by 23.3% from HKD30 to HKD23 and maintained the Buy rating. ~ AASTOCKS Financial News Website: www.aastocks.com | |