Movement Alert|Geely Automobile Rises 3.14% in Regular Trading, Auto Sector Rebounds as CLSA Names It Top Pick

Market Focus
Jul 10

On July 10, Geely Automobile rose 3.14% in regular trading, trading at HK$18.67/share, with turnover of HK$208 million. The stock rebounded from the previous session's decline alongside a broad recovery in the automobile manufacturing sector.

On the news front, the auto sector staged a full recovery, with BYD up 2.9%, Leapmotor up 4.75%, and XPeng up 3.44%. CLSA published a research report noting that China's auto industry showed sequential improvement in the second quarter, with strong export growth. The firm expects the domestic market to sustain recovery in the second half supported by seasonal factors, and named Geely Automobile as its sector top pick with a high conviction outperform rating and a target price of HK$30. Additionally, southbound capital accumulated net purchases of 34.24 million shares over the past five trading days, lifting its holding ratio to 10.52%, signaling sustained institutional inflows.

(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.)

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