Ge Long Hui·2025-11-18 08:14Core Viewpoint - Morgan Stanley believes that Geely Automobile's stock price will rise in absolute terms over the next 15 days, with an estimated probability of 70% to 80% for this scenario to materialize, maintaining an "Overweight" rating and a target price of HKD 24 [1] Financial Performance - The company's net profit for the third quarter reached CNY 3.8 billion, with a gross margin of 16.6%, which is an improvement over the first half's 16.4% [1] - For the first three quarters, core earnings amounted to CNY 10.6 billion, and the company is still on track to achieve its annual target of CNY 15 billion [1] Valuation and Market Outlook - Considering the strong product planning for 2026, Morgan Stanley views the current consensus price-to-earnings ratio of 9 times for the next 12 months as providing an attractive risk-reward ratio compared to the two-year average of 10 to 11 times [1]