Ge Long Hui·2025-09-10 04:07Core Viewpoint - Daiwa has updated its valuation model for Geely following the release of its half-year results, projecting an increase in sales volume for 2025 to 2027 from 1.9 million to 2.3 million units to a new estimate of 3 million to 3.8 million units, indicating optimism about Geely's successful transition to electric vehicles and anticipated growth from overseas expansion [1] Group 1 - The firm expects Geely to benefit from scale effects leading to improved profits and cost savings from internal synergies [1] - Daiwa has reiterated a "Buy" rating for Geely, raising the target price from HKD 14 to HKD 24.5 [1] - Revenue forecasts for 2025 to 2026 have been increased by 37% to 44%, while earnings per share estimates have been raised by 45% to 57% [1]