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<Research>Macquarie Hikes TP of GEELY AUTO (00175.HK) to HKD24; 4Q25 Results Solid; Stock Remains Sector Top Pick
Recommend 16 Positive 24 Negative 8 |
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GEELY AUTO (00175.HK) delivered solid 4Q25 results, with sales and net profit topping market implied expectations by 5% and 10%, respectively, powered by a stronger premium mix, Macquarie's research report indicated. Given the recent weakness in the Chinese EV market, Macquarie trimmed its 2026 domestic sales forecast for GEELY by 8% but raised its overseas sales forecast by 28% to 655,000 units. The target price was hiked by 4.3%, from HKD23 to HKD24. The Outperform rating was maintained. In the Greater China region, the broker assumed that GEELY continues to offer the best risk/ reward among Chinese auto stocks and maintains it as the sector top pick. Overall, Macquarie raised its adjusted net profit forecast for GEELY for the full year by 6% to RMB19.3 billion. AASTOCKS Financial News Website: www.aastocks.com |
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