0846 GMT - The proposed delisting of Zeekr could be an incremental negative for Geely Automobile, Bernstein analysts write in a note. The rationale for privatizing Zeekr, only a year after its listing, remains unclear, they add. The proposed move raises longstanding concerns on corporate governance, which could undermine Geely's credibility in future fundraising efforts, they say. That said, Geely's stock will ultimately be driven by sales volumes and earnings, Bernstein says. While Zeekr's sales momentum has been lackluster, the Galaxy brand continues to demonstrate strong delivery growth and increasing market share, which should support margin improvement, it says. Bernstein maintains its outperform rating on the company. Shares closed at HK$17.52. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 08, 2025 04:46 ET (08:46 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。