A research report from CICC states that the passenger vehicle and new energy passenger vehicle export sector has re-entered a high-growth cycle, with overseas premium pricing effectively bolstering automakers' profit resilience. The report continues to recommend leading automakers like Geely Auto (00175), which is gradually achieving balanced regional deployment and steadily increasing new energy vehicle exports.
The firm maintains its earnings forecasts for Geely Auto for 2026 and 2027 unchanged. The current share price corresponds to a 2026/2027 price-to-earnings ratio of 7.8x and 6.3x, respectively.
CICC maintains its Outperform industry rating and HK$30.00 target price for the stock. This target implies a 2026 P/E of 12.6x and a 2027 P/E of 10.2x, representing a potential upside of approximately 61% from the current share price.