news flash·2025-06-04 02:17Core Viewpoint - The report from China Merchants Securities International maintains a target price of HKD 27.5 for Geely Automobile (00175.HK) and a "Buy" rating, highlighting strong sales performance and growth potential in the electric vehicle segment [1] Group 1: Company Performance - In May, Geely's wholesale sales of new energy vehicles showed significant growth, outperforming the industry both month-on-month and year-on-year [1] - The sales of high-end fuel vehicles, particularly the China Star series, have seen notable increases [1] - Geely's recent launches of multiple new models have been well-received, contributing to strong sales momentum [1] Group 2: Future Outlook - The company is expected to potentially revise its annual sales targets upward, which could act as a catalyst for stock price appreciation [1] - The impact of short-term promotions during the off-season is considered limited on overall performance, indicating resilience in sales [1] - The valuation remains attractive, and the earnings forecast has been kept unchanged, supporting the target price maintenance [1]