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<Research>BofAS Adds GEELY AUTO (00175.HK) TP to $25, Raises Sales & Rev. Forecasts
Recommend 15 Positive 18 Negative 8 |
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GEELY AUTO (00175.HK) recorded a 27% YoY increase in 3Q25 revenue to RMB89.2 billion, primarily driven by a 43% YoY growth in deliveries and an incline in average selling price, according to a research report issued by BofA Securities. Benefiting from better economies of scale, improved operational efficiency and optimized product mix, gross profit margin rose by 1.2 ppts YoY to 16.6%. The broker raised its 2025-2027 sales forecasts by 2%/ 1%/ 2%, and its total revenue forecasts by 1%/ 2%/ 2% respectively. BofA Securities also lifted its EPS forecasts by 1%/ 6%/ 5%, and added its target price from $24 to $25, with rating reiterated at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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