news flash·2025-05-12 03:29Core Viewpoint - HSBC expects Geely Automobile's sales and profitability to continue growing, driven by new model launches and advancements in autonomous driving technology [1] Group 1: Company Performance - HSBC has raised the target price for Geely Automobile by 8.3%, from HKD 24 to HKD 26, indicating a potential upside of approximately 48% based on current stock prices [1] - The bank has adjusted its earnings forecasts for Geely for 2025-2026 upwards by 6%-7%, primarily due to higher gross margin expectations from increased domestic sales driven by the new electric vehicle cycle [1] - HSBC has introduced earnings forecasts for 2027 for the first time, reflecting confidence in the company's growth trajectory [1] Group 2: Market Dynamics - The privatization of Zeekr by Geely is anticipated to create value enhancement and synergies for the company [1] - The introduction of more new models and upgrades in autonomous driving are expected to contribute to sustained growth in sales and profitability over the coming quarters [1]