GEELY AUTO. HLDGS HD-,02GEELY AUTO. HLDGS HD-,02GEELY AUTO. HLDGS HD-,02

GEELY AUTO. HLDGS HD-,02

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GEELY AUTO. HLDGS HD-,02 stock forum

175

Target Price and Valuation
UOB Kay Hian has raised Geely’s target price from HK$13.00 to HK$21.50. This increase is based on the company’s strong earnings outlook and a target 2025 forward price-to-earnings (PE) multiple of 20 times, which reflects a three-year historical mean. This is a significant upgrade from the previous target PE multiple of 12 times, attributed to the lower market discount rate.

Share Price Catalysts
Strong Monthly Sales: Geely’s monthly sales figures are expected to remain robust, driven by the success of its newly launched EV models.
3Q24 Earnings Results: Anticipated strong performance in the upcoming quarterly results, likely reflecting the company’s recent product launches and increased demand.

175 long term bottom area, $9