CMB International Securities: Raised Geely Automobile (00175) target price to 24 Hong Kong dollars, maintaining a "Buy" rating.

According to the Wise Finance APP, CMB International Securities released a research report stating that the target price for Geely Automobile (00175) has been raised by 4.3% from HK$23 to HK$24, maintaining a "buy" rating. Despite the bank's calculation that Geely's terminal inventory increased by approximately 156,000 units in the first four months of 2025, retail sales during the same period also increased by 41% year-on-year. The bank has raised its sales forecast for 2025 from 2.74 million units to 2.8 million units (company target 2.71 million units), while also raising the gross profit margin forecast for 2025 by 0.7 percentage points to 16.1%. Accordingly, the bank has raised its net profit forecast for 2025 by 4% to 15.2 billion Chinese Yuan, and also increased the net profit forecast for 2026 by 4% to 16.7 billion Chinese Yuan.