CICC: Maintains a outperform rating on Geely Auto (00175.HK) with a target price of HK$30.

According to the Wisdom Financial APP, Zhongjin released a research report stating that passenger cars and new energy passenger cars are back in a high prosperity cycle for going abroad, with high overseas premiums strongly consolidating the profit elasticity of car companies. It continues to recommend Geely Automobile (00175.HK), a leading car company with gradually improving regional balanced layout and steadily increasing exports of new energy vehicles. The profit forecast for Geely Automobile in 2026 and 2027 remains unchanged. The current stock price corresponds to a price-to-earnings ratio of 7.8 times in 2026 and 6.3 times in 2027. Maintaining an outperform industry rating and a target price of 30.00 Hong Kong dollars, corresponding to a price-to-earnings ratio of 12.6 times in 2026 and 10.2 times in 2027, with a 61% upside potential from the current stock price.