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<Research>DBS Adds GEELY AUTO (00175.HK) TP to $11.7, Slightly Raises 2024/ 2025 Profit Forecasts
Recommend 8 Positive 10 Negative 6 |
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GEELY AUTO (00175.HK) raised its full-year delivery target to 2 million vehicles, as expected, and is also confident in its overseas business, with the Company elevating its sales target to 380,000 from 300,000, DBS Group Research issued a research report saying. DBS Group Research lifted its FY2024/ FY2025 earnings forecasts by 2%/ 3% each, and added its target price to $11.7, with rating kept at Buy, due to GEELY AUTO's better-than-expected 1H24 deliveries and strong model pipeline. AAStocks Financial News |
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