Movement Alert|Geely Automobile Rises 3.06% in Regular Trading, Multiple Brokerages Issue Bullish Ratings as June Exports Surpass 100000 Units

Market Focus
Jul 07

On July 7, Geely Automobile rose 3.06% in regular trading, trading at HKD 19.21/share, with turnover of HKD 753 million.

On the news front, Guohai Securities maintained a Buy rating on the same day, citing sustained high export growth. Previously, Citi added Geely to its Pan-Asia Focus List with a target price of HKD 30, highlighting breakthrough sales at its premium brand ZEEKR and strong export momentum. CLSA and CICC also set target prices at HKD 30, viewing Geely as a sector top pick.

Data showed Geely achieved overseas exports of 102,874 units in June, surging 157% year-over-year and crossing the 100,000-unit milestone for the first time. For the first half, cumulative sales reached approximately 1.42 million units, a record high. Additionally, its Lotus brand electric vehicles are set to enter the Canadian market in July, further expanding its global footprint. Daiwa recently upgraded Geely to Buy with a target price of HKD 27, identifying overseas markets as a core growth engine.

(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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