Morgan Stanley maintains a "overweight" rating on GEELY AUTO (00175) with a target price of 17 Hong Kong dollars.

Morgan Stanley released a research report stating that it maintains a "overweight" rating on GEELY AUTO (00175), with a target price of 17 Hong Kong dollars unchanged. Morgan Stanley stated that in discussions with some investors, they hope that Geely's AI activities can trigger a similar stock price surge as BYD COMPANY (01211). The report mentions that GEELY AUTO's subsidiary, Geely Galaxy, has introduced the L6 EM-i as a timely response to the market, and the market is expecting more. The bank expects the company to release its advanced driver assistance system (ADAS) AI intelligence strategy in early March, and more information about the L2+ ADAS strategy and potential intelligent driving specifications will be disclosed at that time, which is crucial for Geely to enhance its exposure to the mass market.