On June 10, Geely Auto rose 3.28% in regular trading, trading at 19.23 HKD/share, with trading volume of HKD 232 million, outperforming the broader auto sector which remained under pressure.

On the news front, multiple brokerages have reiterated buy ratings on the stock. Dongfang Securities maintained a buy rating with a target price of HKD 23.90, citing May sales outperformance versus the industry. Guolian Minsheng also issued a latest buy rating. Geely reported total May sales of 237,637 units, up 1.0% year-over-year, while the broader domestic passenger vehicle wholesale market declined 13% over the same period. Notably, overseas exports surged 184% year-over-year to 85,144 units, hitting a record monthly high, with new energy vehicles accounting for 48% of exports. Zeekr brand delivered 34,377 units, up 82% year-over-year, with premium 8-series and 9-series models contributing nearly half of volume. Additionally, Director Li Donghui accumulated 1.2 million shares in purchases during late May, signaling management confidence.

Within the Automobile Manufacturers sector, peers declined broadly: BYD Company down 2.43%, XPeng down 1.79%, Li Auto down 0.81%, Leapmotor down 2.95%, and NIO down 4.49%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)