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<Research>BOCI Rates GEELY AUTO as Buy; Earnings Release to Accelerate After Strategic Integration
Recommend 17 Positive 39 Negative 23 |
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BOCI wrote in its report that GEELY AUTO (00175.HK) will experience enormous synergy and financial effects after strategic integration, facilitating the accelerated release of the group's earnings. The broker kept a Buy rating unchanged, with a target price of $19. The broker also mentioned that after holding a communication meeting with GEELY AUTO, the management addressed questions regarding the integration of Zeekr and Lynk & Co businesses, the growth prospects of Geely Galaxy, and the outlook for overseas expansion next year, which bolstered the broker's confidence in the group's subsequent earnings release. The broker anticipated that the new Zeekr brand, upon completion of integration, will accelerate GEELY AUTO's revenue growth and profit release over the next two years and achieve a high-quality electrification transformation. AAStocks Financial News |
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