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<Research>Citi Opens Upside 90-day Catalyst Watch on GEELY AUTO (00175.HK)
Recommend 22 Positive 45 Negative 13 |
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GEELY AUTO (00175.HK)'s shipment volume was 181,000 units in August, significantly beating market consensus by 10-15%, up 20% Mom and 19% YoY, Citi Research issued a research report saying. Of which, exports reached 45,000 units, up 39% MoM and 82% YoY. Citi Research expected GEELY AUTO's August domestic sales to be approx. 150,000 to 155,000 units, up 22-27% MoM and roughly 25-29% YoY, also largely above market consensus, mainly due to Galaxy E5's contribution of 12,000 units in August alone. Citi Research opened an upside 90-day catalyst watch on GEELY AUTO, with a target price of $13.98 and rating at Buy. AAStocks Financial News |
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