Morgan Stanley: Geely Automobile (00175.HK) will accelerate sales growth in the second half of the year, maintaining an "Overweight" rating.

According to the Zhiyuan Finance APP, Morgan Stanley has released a research report stating that Geely Automobile (00175.HK) achieved a net profit of 4.95 billion yuan in the second quarter, a year-on-year increase of 38%, largely in line with the bank's and market expectations. During the period, core earnings were 5.1 billion yuan, up from 4.6 billion yuan in the first quarter and 3.2 billion yuan in the same period last year, mainly benefiting from revenue growth, continuous expansion of gross margins, and effective control of operating expenses. Morgan Stanley maintains an "overweight" rating for Geely Automobile, with a target price of 28 Hong Kong dollars.