智通财经网·2025-11-19 02:01Core Viewpoint - Morgan Stanley predicts that Geely Automobile's stock price will rise in absolute terms over the next 15 days due to recent trading weakness making short-term valuations more attractive [1] Financial Performance - Geely's net profit for Q3 reached 3.8 billion RMB, with a gross margin of 16.6%, an improvement from 16.4% in the first half of the year [1] - The company's core earnings for the first three quarters totaled 10.6 billion RMB, with a target of achieving 15 billion RMB for the full year [1] Valuation and Market Outlook - Morgan Stanley considers the current consensus price-to-earnings ratio of 9 times for the next 12 months attractive compared to the two-year average of 10 to 11 times, indicating a favorable risk-reward ratio [1] - The probability of achieving this scenario is estimated at 70% to 80%, which is classified as "very likely" [1] - The firm maintains an "overweight" rating with a target price of 24 HKD [1]