China Merchants Securities International: Maintains Geely Automobile (00175.HK) target price at HKD 27.5, rating "Buy."

According to Guotai Junan Securities International, it released a research report stating that it maintains a target price of 27.5 Hong Kong dollars and a "buy" rating for Geely Auto (00175.HK). Guotai Junan Securities International mentioned that in May, the sales of new energy wholesale vehicles showed high growth, outperforming the industry both on a month-on-month and year-on-year basis, with significant growth in high-end fuel vehicles in China. Geely Auto's recent new car models have been selling well, and the launch of new models such as the Galaxy Lynk 03 in the second half of the year will drive the product line upwards. It is estimated that the company may revise its annual target sales volume (currently 2.71 million units), becoming a catalyst for stock prices. The firm believes that short-term promotions during the off-season have limited impact on performance, the attractive valuation, and maintains unchanged profit forecasts, thus maintaining the target price.