Ge Long Hui A P P·2025-11-18 03:29Core Viewpoint - Morgan Stanley's report indicates that Geely Automobile's Q3 performance exceeded expectations, driven by economies of scale, improved product mix, and expanded export contributions [1] Financial Performance - Core net profit for the period was 4% higher than the bank's forecast [1] - Profit per vehicle increased by 15% quarter-on-quarter to 5,200 HKD [1] Management Insights - During the earnings meeting, management emphasized the vehicle launch plan for next year, along with strategies for autonomous driving (AD) and exports [1] - The bank views these strategies positively and expects stronger growth momentum in the upcoming quarter and next year [1] Investment Rating - The bank maintains an "Overweight" rating on Geely, with a target price of 24 HKD [1]