On July 6, Geely Automobile rose 3.22% in regular trading, trading at 19.01 HKD/share, with turnover of HKD 273 million.

On the news front, the company recently disclosed June sales data showing total vehicle sales of 240,799 units, up 2% year-over-year. Notably, overseas exports reached 102,874 units, surging 157% year-over-year and crossing the 100,000-unit threshold for the first time. Cumulative first-half sales exceeded 1.42 million units, setting a new historical record for the period.

On the institutional front, CLSA maintained its High-Conviction Outperform rating with a target price of HKD 30; CICC maintained its Outperform Industry rating with a target price of HKD 30, citing overseas high premiums as reinforcing earnings upside; Daiwa recently upgraded the stock to Buy with a target price of HKD 27, raising revenue forecasts by 6%-8% and net profit estimates by 12%-16% for the coming years, viewing overseas markets as the core growth engine through 2030. Additionally, European data showed Chinese passenger vehicle market share in Europe surpassed Japan for the first time in May, with Geely among leading contributors.

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