CLSA Affirms Geely Auto with High-Conviction Outperform Rating and HK$30 Price Target

Deep News
Jun 21

CLSA has released a research report maintaining its target price of HK$30 and its high-conviction "outperform" rating for GEELY AUTO (00175).

The firm noted that Geely exported 85,000 vehicles in May. According to management, overseas orders for the month could have exceeded 100,000 units if not for logistical bottlenecks. With logistics issues gradually easing in June, CLSA anticipates overseas sales will reach 100,000 units. This expectation supports a forecast for approximately 600,000 vehicle sales in the second half of the year. Consequently, the firm has raised its export volume forecast for 2026 to 1.06 million units.

Regarding the domestic market, CLSA has increased its sales forecast to 372,000 units. This adjustment is based on the solid sales momentum of the Zeekr brand and continuous improvements in its intelligent driving configurations.

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